After the British withdrawal from the Gulf, the UAE foundation was laid in 1971 under the head of the Federal Supreme Council, and since then the UAE’s basic political culture is based on patriarchal system and attest loyalty to tribal leaders (IBP 2002; Foley 1999).
Before the Civil War (1975-1990) Lebanon was a peaceful region that enjoyed calm and renowned prosperity in terms of economy and socio-political system. The economy in the pre-Lebanese civil war was driven by agriculture, banking, and most importantly tourism. Based on its stability and prosperity, its capital “Beirut” was the center of tourism in Asia […]
It is a known fact at the moment that Saudi Arabia possess the largest oil reserves and it also remains an undeniable truth that the country’s sole commodity for livelihood is their oil reserves.
The economic scenario of Dubai was boosted in 2013 as a result of better revenues, higher sales and increased profit margin in various industries, leading to a 4.7% growth in GDP for the year. The key sectors of Dubai’s economy include retail, transportation, hotel, and tourism industry, among many others.
Real estate bubble is not new to Dubai. In fact, during 2003-2008, Dubai experienced one of the gigantic real estate bubbles in the world that ultimately busted during the fourth quarter of 2008 (Bertrand, 2012).
The hospitality industry of Dubai has been contributing significantly to the growth of Dubai’s economy. Tourism sector of Dubai has emerged as an important contributor to the economic growth of Dubai.
Egypt’s economy relies on public sector enterprises. In the 1991 reform sectors which needed reform were privatizing public sector, export development, trade liberalization, and promotion of technology.
The Egyptian economy had many structural reforms since 2000. These reforms were related to fiscal policy, monetary policy, privatization and new business legislation to improve its economy (Doaa S. Abdou* 2013).