Venture capital as a substitute for oil in driving economic growth

Venture capital is critical to the future success of not only the UAE but also the GCC. To understand this we first need to understand the historic formula for our success – oil leads to financial capital, which leads to real estate development, which creates social and business communities that attract people. Repeat. Even if oil prices had not collapsed,

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A challenge we can meet

A vision for what the coming year will bring should include scenarios and actionable ideas. My vision will focus on what might affect the UAE and the wider GCC the most. These are forward-looking statements that can be wrong. The factor that affects our economy the most is the price of oil and our level of production. The change in

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Saudi Vision 2030 must tap rich parts of the private economy

Using Saudi Vision 2030 as an example, in a previous article I pointed out that economic reform is difficult to get perfectly right on your first try, but I also pointed out that complaining about it without trying to provide solutions is usually an ineffective strategy for providing feedback to the decision makers. Especially since Thursday, when the Saudi government unveiled its

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Oil, Opec and the Revenge of Rosneft's Sechin

Wednesday, November 24, 2014: Ali Al Naimi, the former Saudi oil minister, signals that Saudi Arabia was changing its oil production strategy from oligopolist – as the main swing producer that keeps oil prices high – to capitalist, and would go for market share. This would lead to lower crude oil prices. The Venezuelan foreign minister, Rafael Ramirez, replied that the prices at

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The Trump Trade

This entry is part 2 of 3 in the series Trump

As the US president-elect Donald Trump begins assembling his team, it is becoming clearer what his proposed policies might look like. This in turn allows us to begin fleshing out an investment plan. To begin with, the election of a president of the world’s most influential nation in politics, economics and culture always creates uncertainty. A relatively known politician who

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EU 2.0

Politics often plays a major role in influencing global economies and financial markets. Because of the size of its economy, the US takes the lead in political influence, and in seven days the most significant event in American politics, the election of the next president, takes place. One of the main tenets of any American presidential campaign is the creation

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