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    Ministry signs agreement to support Oman’s honey industry

    Ministry signs agreement to support Oman’s honey industry

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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

          MAFWR, Port of Duqm sign MoU

          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              World Bank: Omani development model unique in the Arab world

              Muscat Daily

              June 27, 2013
              in Economy
              0

              A new World Bank report has praised Oman’s development model post-Arab Spring that could serve as a source of inspiration for others outside the Gulf, both for its unique features and for the results it has produced.

              The report, titled ‘Transforming Arab Economies: Travelling the Knowledge and Innovation Road’ and released earlier this month, states that although Oman has much less oil and gas than UAE or Qatar, and also a lower level of income, it offers a unique policy model within the Arab world.

              The report stated that the country reacted promptly to demonstrations by taking a series of strong measures that revealed a spirit of openness and dialogue in the face of social and political demands.

              ‘In its educational policy, public communications, and foreign policy, the regime has consistently stressed shared values, tolerance, openness, and sustainable development. Traditional architecture prevails. A pro-employment policy, access to land ownership, affordable consumer goods, and universal health and education services provide good living conditions,’ the report stated.

              However, the Omani model also has its own challenges. ‘Some of these are traceable to the fact that the country joined the modern world just 40 years ago, and its human resource base is still thin.’

              The report stated that jobs have been created at the expense of productivity and competitiveness, exacerbated by skill shortages.

              ‘Oman’s carbon footprint is among the highest in the world. Consumer subsidies and top-down policy making mean that consumption of water and energy is highly inefficient. Agricultural activities destroy groundwater and contribute to rapid soil erosion and loss of biodiversity. The number of private cars has exploded, while public transport is sorely lacking.’

              Despite the creation of open research grants and the development of a research and innovation policy, Omani society lacks a research culture and is yet to embrace experimentation, risk-taking, innovation, and entrepreneurship.

              Like other countries in the Middle East, Oman has a young population; a third of its people are under 16. ‘They are rapidly becoming well educated but face a looming shortage of attractive job opportunities. Given high incomes and living costs, high dependency on dwindling oil reserves, and strong dominance by the public sector, Oman must find a way to nurture new industries, products, and firms.

              Outstanding social and environmental issues could profitably be turned into a pull factor for research, technical advance, innovation, and enterprise development.’

              The report stated that unemployment, in particular among young people, is incontestably the main challenge facing Arab countries. The MENA region has the highest rate of youth unemployment in the world – 25 per cent – twice the world average.

              It is therefore important now to unleash the untapped potential of the private sector, formal and informal, to develop an entrepreneurial culture rooted in trade and integration. ‘A more vibrant private sector in MENA countries will also contribute to increased economic integration within the region.’

              In light of the region’s recent and continuing reforms and its ambitions to realise faster growth, it is important for each country’s leaders and interested stakeholders to evaluate where they stand along their journey and how they can take maximum advantage of other countries’ experiences in using knowledge and innovation for growth and employment.

              To create and sustain an effective knowledge economy in the medium to long run, the countries of the Arab world must understand their strengths and weaknesses in relation to the four pillars of the knowledge economy – the economic and institutional regime, education, innovation, and information and communication technologies (ICTs).

              ‘They must then develop appropriate policies and investments as part of their national development plans, to enable an effective transition to the knowledge economy,’ the report stated.
              Muscat Daily
              June 27

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