Less than 1 per cent of the UAE’s GDP is allocated to research and development (R&D), compared with the world average of more than 2 per cent. Economists agree that innovation is critical to economic growth, so how can the GCC countries become more innovative?
Publications
In early 2016, Prince Mohammed bin Salman, the deputy crown prince of Saudi Arabia, declared that the Saudi government was considering an initial public offering (IPO) for a minority of Aramco’s shares.
Today the Gulf Cooperation Council States find themselves surrounded by a region plagued by a growing number of threats. The GCC states are embroiled in a difficult conflict in Yemen, Iraq is on the constant verge of collapse, Syria has collapsed and Jordan and Lebanon face immense pressures…
A semi-annual specialized journal issued by the Bahrain Center for Strategic, International and Energy Studies in the Kingdom of Bahrain. The journal aims to public studies and reports on political, international, economic, security, energy, and cyberspace issues that relate to strategic issues…
Turkey has exceeded the apprehension phase of the failed coup which occurred on the evening of the 15th of June. The elected government was able to act wisely and to regain control in a matter of hours.
The Iranian official position intermittently triggers a controversy in the media about the name of the “Arabian Gulf”. The issue is not confined to insisting on marking the Gulf as Persian, but goes beyond the name to include nationalist dimensions and political implications centered on the pursuit of regional hegemony.
Compensation in government organisations is structured quite differently to what is found in the private sector: it is usually higher, when one takes into account the education and experience of workers; pay scales are very rigid; and, there is almost a complete absence of performance-related pay.
In the wake of falling oil prices and regional instability, the Gulf Cooperation Council (GCC) countries are looking for new economic opportunities. Generally speaking, experts encourage economic integration, because specialization in production, and operating in larger markets, constitute two of the most important sources of prosperity.