imported 2024-03-17 17:43:07
Mohamed Chatah, Advisor to the Prime Minister Saad Hariri, best summarizes how Lebanon plans to navigate toward the future: “Politics in the Middle East is turbulent and Lebanon is often pulled in all sorts of directions. Because Lebanon is very diverse, this results in a noisy and often difficult democracy that we have to navigate through without abandoning our principles.”
A tectonic development in Lebanon’s political history began with the assassination of Prime Minister Rafik Hariri on February 14, 2005. This resulted in huge demonstrations on March 8 (Hezbollah and its allies) and counter-demonstrations on March 14, 2005.
Lebanon is a not quite tiny, but definitely a small country nestled along the eastern coast of the Mediterranean. About the same size as Jamaica, and ten percent less than Qatar, its total area of 10,400 km2 ranks it 166th on size out of 223 of the countries of the world.
Background: Britain oversaw foreign relations and defense for the ruling Kuwaiti AL-SABAH dynasty from 1899 until independence in 1961. Kuwait was attacked and overrun by …
The Middle East Aviation and Kuwait aviation sector, is different because it is fueled by oil and government spending. If you look at the per capita figures in the Middle East, you will see some of the highest rates in the world and people often spend money on Kuwait travel and tourism. Therefore, the Kuwait aviation sector performs very well.
“There is high penetration and we have 115% penetration in the Kuwait telecom sector”, recounts Scott Gegenheimer, CEO of Wataniya Telecom. Kuwaitis like to chat, whether in private or in business. A Kuwaiti without an iPhone, Blackberry or Nokia phone is like Arabia without oil, purely unimaginable.
While in the United Arab Emirates almost every local commercial bank is involved in real estate financing, Kuwaiti banks watched Kuwait real estate and construction sector more critically.
The demand for middle income Kuwait real estate will remain high, according to Alargan’s Khaled Al-Mashaan: “We have the highest growth in population in the world and most of the population is under 25 years old (60%) so the influx of young people coming into the market will be huge for jobs and housing. “
The peaceful use of nuclear energy in particular celebrates a comeback in the Middle East. The UAE and Saudi Arabia will definitely build nuclear plants in order to stand on the same level as Iran, which is on the threshold of becoming a nuclear power.
“In Kuwait , we feel that we are part of the world. When there was a high demand for energy , and oil in particular, Kuwait and Kuwait Oil Company responded positively by producing the maximum in 2008. In regard to Kuwait diversification , the long term concern is there. Kuwait should seriously think about diversifying sources of income for the country.” says Sami Al-Rushaid, Chairman and Managing Director at Kuwait Oil Company
