Stories - MarcoPolis

Saudi Arabia – No Longer a One-Basket Economy

February 10, 2015

The Kingdom of Saudi Arabia and oil are some of the oldest synonyms in contemporary history. But the kingdom has more to offer than black gold, and the government in Riyadh is working tenaciously to diversify the economy. “If you compare it by GDP, oil represents 85 percent in Saudi Arabia,” says Abdulrahim Al-Zamil, Chairman of the multi-industry conglomerate Zamil Group.

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Tourism in Saudi Arabia: A Growing Niche

February 10, 2015

The tourism and service industry could be the providential answer to the pressing unemployment issues in the Kingdom. According to the country’s master economic and industrial development plan through the year 2025, the total Saudi labor force in 2009 consisted of 4,885,960 workers. That figure is projected to grow to 11,850,180 by the end of the planning period.

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Saudi Arabia: The Largest Economy in The Middle East

February 10, 2015

Saudi Arabia is the 19th world’s largest economy and the biggest economy in the MENA region. The country is the world’s largest exporter of oil, with an estimated 8,865,000 barrels of oil per day production. The petroleum sector accounts for roughly 92.5% of budget revenues, 55% of GDP, and 90% of export earnings.

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Saudi Arabia: The Kingdom Embraces Change and Reform

February 9, 2015

Despite Western media relentlessly branding Saudi Arabia an archaic, backwards-oriented Islamic monarchy, the kingdom has done bold steps which aim to get its population back to work by diversifying its energy-oriented economy, empowering women to study work and by embracing the digital age like few other Arab countries.

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Saudi Banking Sector: Saudi Banks Bank on Change

February 9, 2015

Saudi banks are not only earning money on oil trading. While one might suggest that Saudi lenders became big due to a windfall of the country’s revenues from energy exports, little is known about the Saudi role as the biggest capital market in the Arab world.

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BML Istisharat: A leading provider of Core Banking solutions signs new contracts in Lebanon and expands to Iraq

December 31, 2014

Among others, BML Istisharat has also recently deployed their Industrial Manufacturing And Distribution system (IMAD) for corporations in Lebanon and Iraq.

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Banking Sector: Atlantic Business International (ABI)

December 23, 2014

Since its creation in June 2012, Atlantic Business International has been promoting banking, contributing actively in the development of the regional economy and participating in the implementation of sub-regional integration.

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SIMAT: Visite Officielle de la Délégation Ivoirienne en Corée du Sud

December 5, 2014

La semaine du 6 au 10 Octobre, marquée par la visite officielle du Président de la République de Côte d’Ivoire en République de Corée du Sud, a été un des tournants majeurs dans le processus de développement économique et culturel des deux pays.

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Education Sector: Over 50 Years of Experience in Educational Services for Pigier Côte d’Ivoire

November 26, 2014

Located in the heart of the Plateau in Abidjan, Pigier Côte d’Ivoire is one of the first institutions in the country, providing students with multidisciplinary programs such as management, trade, administration, communication, IT and telecommunications.

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The real estate market in Egypt is experiencing intense competition

October 24, 2014

The Egyptian market is starting to witness intense competition between the investment companies related to huge tenders and contracts for the implementation of a range of real estate projects. This will create a healthy competitive environment that will have a positive impact on the Egyptian economy. It is expected that the prices of Egypt’s property units will increase by up to 15 percent by end of 2014.