GCC
Discuss and decide if the GCC countries can be either classified as Developed or Developing countries. Think of the GCC as a unit/entity and of each one as an individual (take The United Arab Emirates as an example in this case) P.S. GCC stands for Gulf Cooperation Council Countries
GCC countries: Developed or developing countries?
On the surface, it might seem absurd to characterize GCC nations such as the United Arab Emirates and Saudi Arabia, which are characterized by fabulous wealth, as developing nations. "Over the past three decades the member countries of the Cooperation Council of the Arab States of the Gulf (GCC) -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates -- have witnessed an unprecedented economic and social transformation" (Fasano & Iqbal 2003). Although the market for oil has waxed and wanted, overall there can be no denying that oil wealth has enabled substantive modernization of the GCC in critical economic sectors; improved infrastructure; kept the nations relatively debt-free, and improved the quality of life of citizens. "Life expectancy in the GCC area increased by almost 10 years...
Economic Integration of GCC Countries: Developments Since Economic Integration of GCC Countries: Latest Developments Since 2010 It is important to examine the Gulf Cooperation Council (GCC) Key Economic Indicators. Primarily, 2014 Key economic indicators will present statistical information, which will seek to foster economic determination and engineer the determination of current and future performances. A collective economic indicator examines aggregate earning reports, list of economic summaries relating to this region and as
Razak, (2012) point out that internet has assisted SMEs to integrate social media in SMEs marketing strategies globally. Typically, internet has become accessible to billion of people globally, and the phenomenon has revolutionized the use of social media for business advantages. Razak, (2012) point out that 75% of internet users use social media to carry out various activities such as linking to shopping site, and since 2007, social network has
This project is expected to greatly enhance the countries' economic interdependence with its neighbors (Owen, 2000). Currency and its rate with U.S. Dollar. The Qatari Riyal (QR) is the official currency; the QR is divided into 100 dirhams (A Dictionary of Business, 1996). Major industries. Major industries include crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, and commercial ship repair (Qatar, 2005). Communication infrastructure: Telephone system. Telephones in use:
Adoption and diffusion of sustainable digital business model in the GCC: Opportunities and ChallengesAbstractThe adoption and widespread diffusion of the sustainable digital business model (SDBM) is an important step towards promoting sustainable development and reducing the environmental impact of business operations in the Gulf Cooperation Council (GCC) region. The implementation of SDBMs, though, faces multiple challenges that are directly related to the unique socioeconomic and cultural characteristics of the GCC
Arab Spring: Jordan The Middle East is an area of the world that has always been prone to uprisings and political turmoil, but that can be said of almost any area of the world given a specific time period. In the Arab world, there has been a lot of political change over the last century because the major players have changed so many times. Originally, it was the British who held
The UAE has one of the most open economies in the world. And its vigorous economic partnership with the United States reflects the UAE's function as a regional leader in terms of economic restructuring, openness to international trade and investment, and political stability (UAE-U.S. Economic Relationship, 2011) The volume of U.S. exports and foreign direct investment into the UAE in recent years has grown considerably and is likely to continue
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