Hehe I just posted one a few mins before you in the Qatar forum 
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Qatar economy 'most competitive in Arab world'
Qatar economy 'most competitive in Arab world'
Qatar has the most competitive economy in the Arab world thanks to strong public institutions, low corruption levels, and a transparent legal system, an international study showed today.
The Arab World Competitiveness Report 2005, unveiled by the Geneva-based World Economic Forum (WEF), said Qatar's per-capita income of $34,600 was the highest among 12 Arab countries surveyed in 2004.
The UAE ranked second, helped by a strong economy, a thriving private sector and the most effective use of technology in the Arab world.
Bahrain ranked third followed by Oman, Jordan, Tunisia, Saudi Arabia, Morocco, Egypt, Algeria, Lebanon and Yemen.
The report said Lebanon suffered from a weak economy, with the highest budget deficit in the Arab world in 2003, at 14.6 per cent of GDP.
Yemen had the least stable macro-economic environment of all countries assessed, with double digit inflation, a large budget deficit and an 'extremely pessimistic business community.
Researchers could not gather enough data to make a proper assessment of other Arab countries including Iraq, Syria and Kuwait, the report said.
All Arab countries, including those with high rankings, had to reform their economies to tackle mounting unemployment, which runs as high as 20 percent in some countries, the WEF said.
The study ranks countries according to their use of technology, the quality of public institutions and the macroeconomic environment.
It uses statistical analysis and interviews with leading business figures in each country to produce the final ranking. -Reuters
Qatar has the most competitive economy in the Arab world thanks to strong public institutions, low corruption levels, and a transparent legal system, an international study showed today.
The Arab World Competitiveness Report 2005, unveiled by the Geneva-based World Economic Forum (WEF), said Qatar's per-capita income of $34,600 was the highest among 12 Arab countries surveyed in 2004.
The UAE ranked second, helped by a strong economy, a thriving private sector and the most effective use of technology in the Arab world.
Bahrain ranked third followed by Oman, Jordan, Tunisia, Saudi Arabia, Morocco, Egypt, Algeria, Lebanon and Yemen.
The report said Lebanon suffered from a weak economy, with the highest budget deficit in the Arab world in 2003, at 14.6 per cent of GDP.
Yemen had the least stable macro-economic environment of all countries assessed, with double digit inflation, a large budget deficit and an 'extremely pessimistic business community.
Researchers could not gather enough data to make a proper assessment of other Arab countries including Iraq, Syria and Kuwait, the report said.
All Arab countries, including those with high rankings, had to reform their economies to tackle mounting unemployment, which runs as high as 20 percent in some countries, the WEF said.
The study ranks countries according to their use of technology, the quality of public institutions and the macroeconomic environment.
It uses statistical analysis and interviews with leading business figures in each country to produce the final ranking. -Reuters
1 - 19 of 19 Posts
Now Qatar has an economic boom.
I seriously doubt the accuracy of the article's quoted GDP per capita figure. I may be wrong, but 34,600 dollars just seems absurd. The CIA World Fact Book has Qatar's GDP per capita at $ 21,500 for 2003. Perhaps the figure in the article is simply a misleading one, in as much as it hasn't been adjusted to Purchasing Power Parity. Like i said, i may be wrong, in which case kudos to Qarar, but its just very unbelievable!
GDP is never accurate! some in Qatar may make 5 million some may make 10 000 US but its like an average. GDP doesnt tell if the people are living a good life, if the money is shared equally or the real income of every citizen its just an average of all. And Bahraini Patriot the CIA fact book doesnt have the real info. ME countries never give the real numbers, infact all the countries of the world are like that. This is private matters. this is according the CIA's information. In 1998 they recorded the population of iraq being 32 milion now they have it recorded between 22 and 27 million. how can iraq decline like that? indeed 1.5 million child died from the boycott but not 5 to 10 million.
I know what GDP per capita is, and that it doesn't necessarily reflect the true standards of living of the people of a country, due to the uneven distribution of wealth and whatnot, (thats not my issue) but even as the crude statistic or measure that it may be, its just very hard to believe that it could've jumped so much in the course of just one year. And i am aware that other sources have differed in their estimates of Qatar's GDP per capita, holding it at a higher figure, as much as 28,000 dollars, but still, you must catch my drift
Actually Qatar's per capita is goin up and I think it's around $34,000, so that figure ain't misleading. But again, the per capita is just an anverage and it doesn't represent the majority anyways, it's calculated by a fixed equation.
Patriot lets say a millionaire who has 500 000 million. decides to build an office building, he brings 50 worker, excluding architects,etc. he will pay in total lets say 1 million. with a population like Qatars this gives it a HUGE! boost. When the population isnt very big yes the GDP when people invest their money right can grow rapidly.
hahahaha , it's not only you Qatar with the huh.
, it's not only you Qatar with the huh.Saudi Arabia has been commended for its "extremely low inflation" in a survey of 12 Arab countries by Geneva-based World Economic Forum.
The Forum's Arab World Competitiveness Report, released at a conference in Doha this week, said the Kingdom has "one of the most stable macroeconomic environments in the region."
The competitiveness report ranks the 12 nations based on the quality of public institutions, ability to adopt and develop technology and their economic structure.
Qatar, the United Arab Emirates and Bahrain are placed at the top of the report's Growth Competitiveness Index for the 12 nations covered. "The small Gulf states are found to be the most competitive" as measured by the index, said a media report.
Saudi Arabia ranks seventh in the index, listed after Oman, Jordan and Tunisia. The countries measured "as being the least competitive" are Lebanon and Yemen. Morocco, Egypt and Algeria are placed below Saudi Arabia in the index, said the report.
Among those assessed for the "state and usage of technology", Saudi Arabia is ranked sixth, coming in the middle among the group. According to the report, the Kingdom, "has one of the highest PC penetration rates in the region." Despite that it "has significant weaknesses in harnessing information and communication technologies, with the government seen as not giving the adoption of these technologies a priority."
The report finds that "as in several other countries innovation is also a clear weakness (in Saudi Arabia), with low company spending on research and development, and very little collaboration between businesses and universities in key areas of research."
The Kingdom ranks only eighth in technology transfer, indicating that "little technology is being absorbed from abroad, except possibly in the energy sector through licensing agreements."
Saudi Arabia's poorest showing in the survey is in public institutions, where it ranks eighth overall. "Corruption is perceived as a more significant problem in Saudi Arabia, than in most other countries under assessment, especially as regards irregular payments for imports and exports," the report says.
"And while, as in most other countries, crime does not impose significant costs on businesses, there are problems reported in relation to contracts and law in the country." The report also points out that the business community in the country "considers that the government favors well-connected firms and individuals when deciding on policies and contracts."
Discussing foreign direct investment (FDI) in the Arab world, the report states that in the Gulf region, Saudi Arabia accounts for the lion's share of America's FDI.
"More than half of US investment in Arab countries is concentrated in Saudi Arabia, Qatar, the UAE and Kuwait." A major share of this investment is in petroleum and gas-related sector.
The Doha meeting, during which the Arab World Competitiveness Report was released, saw more that 200 delegates, mainly from business and politics, coming together to discuss ways to tackle the economic problems facing the region.
The Forum's Arab World Competitiveness Report, released at a conference in Doha this week, said the Kingdom has "one of the most stable macroeconomic environments in the region."
The competitiveness report ranks the 12 nations based on the quality of public institutions, ability to adopt and develop technology and their economic structure.
Qatar, the United Arab Emirates and Bahrain are placed at the top of the report's Growth Competitiveness Index for the 12 nations covered. "The small Gulf states are found to be the most competitive" as measured by the index, said a media report.
Saudi Arabia ranks seventh in the index, listed after Oman, Jordan and Tunisia. The countries measured "as being the least competitive" are Lebanon and Yemen. Morocco, Egypt and Algeria are placed below Saudi Arabia in the index, said the report.
Among those assessed for the "state and usage of technology", Saudi Arabia is ranked sixth, coming in the middle among the group. According to the report, the Kingdom, "has one of the highest PC penetration rates in the region." Despite that it "has significant weaknesses in harnessing information and communication technologies, with the government seen as not giving the adoption of these technologies a priority."
The report finds that "as in several other countries innovation is also a clear weakness (in Saudi Arabia), with low company spending on research and development, and very little collaboration between businesses and universities in key areas of research."
The Kingdom ranks only eighth in technology transfer, indicating that "little technology is being absorbed from abroad, except possibly in the energy sector through licensing agreements."
Saudi Arabia's poorest showing in the survey is in public institutions, where it ranks eighth overall. "Corruption is perceived as a more significant problem in Saudi Arabia, than in most other countries under assessment, especially as regards irregular payments for imports and exports," the report says.
"And while, as in most other countries, crime does not impose significant costs on businesses, there are problems reported in relation to contracts and law in the country." The report also points out that the business community in the country "considers that the government favors well-connected firms and individuals when deciding on policies and contracts."
Discussing foreign direct investment (FDI) in the Arab world, the report states that in the Gulf region, Saudi Arabia accounts for the lion's share of America's FDI.
"More than half of US investment in Arab countries is concentrated in Saudi Arabia, Qatar, the UAE and Kuwait." A major share of this investment is in petroleum and gas-related sector.
The Doha meeting, during which the Arab World Competitiveness Report was released, saw more that 200 delegates, mainly from business and politics, coming together to discuss ways to tackle the economic problems facing the region.
If all is true, then why is there massive unemployment in Saudi Arabia and even other ARab states??
There is unemployment everywhere and the gulf states are combating that. I don't know about the other arab states, but the gulf is movin ahead very rapidly (one of the fastest in the world). I won't go on about what's bein done, but competitiveness is directly related to unemployment, the more competitive, the less unemployment, and Saudi Arabia ranks 7th out of 12 Arab countries so it has a lot of work to do. The report never mentioned that there is no unemployment in the arab states so I don't know why your question was asked in the first place.
Well I was just making an observation as per the higher GDP of these countries but yet unemployment, poverty etc that is still present and has grown over the years!Bahraini Spirit said:There is unemployment everywhere and the gulf states are combating that. I don't know about the other arab states, but the gulf is movin ahead very rapidly (one of the fastest in the world). I won't go on about what's bein done, but competitiveness is directly related to unemployment, the more competitive, the less unemployment, and Saudi Arabia ranks 7th out of 12 Arab countries so it has a lot of work to do. The report never mentioned that there is no unemployment in the arab states so I don't know why your question was asked in the first place.
I thinik the gulfians need to diversify more!!!
Marshal said:Well I was just making an observation as per the higher GDP of these countries but yet unemployment, poverty etc that is still present and has grown over the years!
I thinik the gulfians need to diversify more!!!
As far as concerned, poverty is non existent in most if not all the gulf countries (don't know fully about Saudi Arabia or Oman). As for diversification, it's goin on, maybe faster in some countries like Qatar, UAE and Bahrain than others.
You need to ask the locals from the other gulf countries to tell you what's goin on at their countries, but I can tell you in Bahrain, economic and labour reforms have been initiated for a period of 10 years and if everythin goes as planned, the per capita will double, GDP will increase by BD 10 Billion (~ $27 Billion) and 100,000 new jobs will be created, just to name a few. Just to give you an idea.
Give the gulf 10 years and you'll see superb changes in terms of everythin.
Hope it changes everything for good!!
Arabs need to invest more in R&D!
Arabs need to invest more in R&D!
Excuse my ignorance but R&D means?Marshal said:Hope it changes everything for good!!
Arabs need to invest more in R&D!
Research and Development. I can tell you more universities and educational facilities are being built. You need to wait, as I told you, 10 years and you'll see, and am talkin about the gulf here and not the whole arab world, some countries are way behind and I don't think they'll change for a long time.
Honestly, yes the world refers to arabs as a whole, but the gulf is honestly the future of the arab world and should be classified on it's own, and that's the case now.
Honestly, yes the world refers to arabs as a whole, but the gulf is honestly the future of the arab world and should be classified on it's own, and that's the case now.
Bahraini Spirit said:Research and Development. I can tell you more universities and educational facilities are being built. You need to wait, as I told you, 10 years and you'll see, and am talkin about the gulf here and not the whole arab world, some countries are way behind and I don't think they'll change for a long time.
Honestly, yes the world refers to arabs as a whole, but the gulf is honestly the future of the arab world and should be classified on it's own, and that's the case now.
My university (United Arab Emirates University) has international recognition in the colleges of medicine, Business and Economics, Education and Engineer. Although It really has a bad reputation due its out of date building but education system really moving fast here. so does the research and development.
1 - 19 of 19 Posts
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