We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The Economic Boom in Qatar, UAE & Saudi Arabia - Research Paper Example

Comments (0) Cite this document
Name of author: Name of instructor: Name of course: Semester: The Economic Boom in Qatar, UAE & Saudi Arabia Table of contents 1. Introduction : page 3 2. The Economic Boom in Qatar : page 3 3. The Economic Boom in UAE : page 5 4. The Economic Boom in Saudi Arabia : page 9 5…
Download full paperFile format: .doc, available for editing
Polish This Essay91.3% of users find it useful
The Economic Boom in Qatar, UAE & Saudi Arabia
Read TextPreview

Extract of sample
"The Economic Boom in Qatar, UAE & Saudi Arabia"

Download file to see previous pages Even though the recent political developments in the Middle Easter countries like Egypt, Libya etc are causing some impacts in these three countries, nobody expect a political instability in these countries because of the higher level of standard of living in these countries compared to that in other neighboring countries. Dubai, one of the prominent emirates of UAE faced some financial problems recently; however, Abu Dhabi was able to lift Dubai from the recent financial crisis. In other words, different emirates in UAE are helping each other when any of them face trouble which is the major reason why United Arab Emirates was able to develop properly. Business is the major revenue source of UAE. Saudi Arabia on the other hand is blessed with immense oil resources and their economy is highly dependent on the oil revenues. Qatar has revenues from oil resources, tourism, marine products etc. This paper analyses the economic booms in these three Middle Easter countries; Qatar, UAE and Saudi Arabia. The Economic Boom in Qatar Qatar is one of the prominent Middle Eastern countries which have diverse ranges of revenue sources. While most of the other gulf countries rely heavily on oil revenues for economic development, Qatar is blessed with oil resources, marine products, tourism, real estate revenues etc. According to the 2010 statistics, Qatar’s GDP real growth rate is 19.4% compared to 9.5% in 2009 and 11.7% 2008 (Qatar GDP - Real Growth Rate) (See Appendix for more details). It is evident from the above statistics that the GDP growth doubled in year 2010 compared to that in year 2009. Perhaps, no other country in the world has ever recorded such phenomenal growth rates over a year period of time. Oil and gas account for more than 50% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have made Qatar the second highest per-capita income country. Proved oil reserves of 15 billion barrels should enable continued output at current levels for 37 years (Qatar Population) Oil resources are nonrenewable energy sources. It is exhausting day by day because of over exploitation and increase in the number of automobile vehicles which make use of oil resources. In other words, the demand for oil resources is going to be increased in the coming years. Qatar is one country which has higher oil stocks at present. In short, Qatar’s economic progress may not be affected at least for another thirty or forty years of time because of their oil stocks. Business, tourism and marine products are some other revenue sources for Qatar. Qatar’s coastal areas are blessed with some rare species of fishes. About 150 different species of fishes were recorded in the seacoast of Qatar. “Sweet lips, emperors and snappers, goatfish, shark, groupers, barracudas, thread fins, lizard fish and rabbit fish” etc are some of the rare fish species available in the sea coast of Qatar (Qatar, 2005) Qatar has a wide coastal area and historically, fishing is one of the major revenue sources for the Qataris. Another reason for the economic boom in Qatar is the development of good educational practices. Qatar is doing everything possible to give good education to its people. They realized that educated people are one of the major pillars upon which a country can develop. Many American, Canadian and British universities are operating in Qatar. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Economic Boom in Qatar, UAE & Saudi Arabia Research Paper”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1416317-the-economic-boom-in-qatar-uae-saudi-arabia
(The Economic Boom in Qatar, UAE & Saudi Arabia Research Paper)
“The Economic Boom in Qatar, UAE & Saudi Arabia Research Paper”, n.d. https://studentshare.org/family-consumer-science/1416317-the-economic-boom-in-qatar-uae-saudi-arabia.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Mass media in Saudi Arabia
The mass media in Saudi Arabia generally perform the same fundamental functions of media all over the world, but in different ways. The primary functions of media include conveying news and information of general interest; interpreting and commenting on events; providing opinion and view points; “reinforcing social norms and cultural awareness by transmitting information about the society and its culture” (Rugh, 2004, p.14); making availabe specialized information for commercial promotion, advertising or available services; and entertaining.
15 Pages(3750 words)Research Paper
Do Gulf Arabs value profit over people
Collectively, these six Gulf States accommodate 35 million people including 17 million expatriates. The migrant workers do not only come from the developed countries but also they travel from the developing countries such as Bangladesh, Pakistan and India.
11 Pages(2750 words)Research Paper
Third World Development Strategies
The current classification of global economies into developed and developed countries fails to be holistic since it does not indicate the actual state of such economies. Most countries in the Middle East and South East Asia are classified as developing economies despite having GDPs that greatly exceed those of European countries that are considered developed.
11 Pages(2750 words)Research Paper
Do Oil Prices Influence Non-Oil Sector Stocks in Saudi Arabia
Literature Review 11 IV. Research Methodology 19 VII. Results and analysis 22 VIII. Conclusion 24 References 25 Appendix 1: Tadawul stocks and sectors distribution 27 Appendix 2: Stocks to be used for Analysis 28 Abstract This research analyses the degree to which oil prices influence non-oil sector stocks in Saudi Arabia.
5 Pages(1250 words)Research Paper
Saudi Arabia
The social and cultural bondage was virtually absent, among such tribes, during those days. This can be judged from the reading about pre-Islamic history of Saudi Arabia, as given below. The magnetic attraction of Prophet towards people of different backgrounds helped the unification of all Arabian communities, which resulted in the creation of Saudi Arabia, as a political entity, in 1932.
15 Pages(3750 words)Research Paper
Saudi Arabia
Introduction From the ancient days, the Kingdom of Saudi Arabia has developed from a land full of nomads to a modern nation. Led by a man whom Janin and Besheer (5) say not to have any formal education since its true birth in 1932, the country has experienced tremendous achievements.
5 Pages(1250 words)Research Paper
Business plan
nds of key managers and employees 20 How to hire them 22 The growth plan 22 References 24 Executive Summary Luxury tourism is currently a growing sector in Qatar. This can be attributed primarily to two reasons: the increasing role of Qatar as a transit hub for travelers between the Americas, Europe, Asia and Middle East; and the growing status of the country as a business hub in the region along with the United Arab Emirates.
20 Pages(5000 words)Research Paper
Saudi Arabia
Although this country is often perceived to be a totalitarian state by many people in America, its political system has worked for the last century and not only has it done this, but it has also led to a great deal of development for its people. The Saudi
2 Pages(500 words)Research Paper
Economics of the UAE
The nation is known for its large oil production in the world. According to Al- Abed and Hellyer, “the UAE was established on 2 December 1971, is a federation of the seven emirates: Abu Dhabi, Dubai,
8 Pages(2000 words)Research Paper
Saudi Arabia Country Profile
Evaluation of these six aspects of Saudi Arabia can assist policymakers to design an effective communication campaign and understand how one communicates with the public. This paper follows the framework described in the ‘In-awareness approach
5 Pages(1250 words)Research Paper
Let us find you another Research Paper on topic The Economic Boom in Qatar, UAE & Saudi Arabia for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us