Tag Archives: Economy

Agricultural Scenario in MENA

By | | ,
5 Comments

Agriculture plays an important role in the economies of most of the countries in the Middle East and North Africa. The contribution of the agricultural sector to the overall economy varies significantly among countries in the region, ranging from about 3.2 percent in Saudi Arabia to 13.4 percent in Egypt.  Large scale irrigation is expanding, enabling intensive production of high value cash and export crops, including fruits, vegetables, cereals, and sugar. Egypt Egypt is the 14th biggest rice producer in the world and the 8th biggest cotton producer in the world. Egypt produced about 5.67 million tons of rice and 635,000 tons … Continue reading →

Energy Sector in Arab Countries

By | | ,
5 Comments

The Arab energy sector has played and will continue to play an important role in the regional as well as global economy. In addition to satisfying energy needs for economic and social development, it is the source of oil and gas export revenues contributing to economic development. The Arab oil and gas sector represents the largest economic sector in the region. Increase of oil revenues were the main drivers for economic development in most of the Arab oil producing countries. The Arab economies, as well, are heavily dependent on oil and gas to meet their domestic energy demand. Oil contributes … Continue reading →

6 Ways Natural Disasters Can Affect Businesses

By | | ,
8 Comments

Natural disasters are catastrophic events that result from processes that occur without human intervention. These adverse events include avalanches, landslides, earthquakes, and volcanic eruptions. Floods, tsunamis, blizzards, and wildfires belong to this category as well. It is worth noting that the occurrence and intensity of natural disasters vary from country to country. Natural disasters have a significant impact on the economy and the businesses in more ways than one. Read on to know more about the impact of natural disasters on businesses: 1. Supply Chain Disruptions Efficient and reliable supply chains are critical to the success of a company. For … Continue reading →

Green Finance in the Middle East

By | | , ,
4 Comments

Green finance is among the most important enablers that would boost innovation and increase the adoption of green solutions and practices across different industrial sectors. Green finance, which has grown by leaps and bounds in recent years, provides public well-being and social equity while reducing environmental risks and improving ecological integrity. Middle East is making good progress towards green growth and low-carbon economy. “The latest regional trends highlight the need for green financing mechanisms to support transition to green economy”, said Ruba Al-Zu’bi, a well-known sustainability expert. “While green may be the obvious feasible and sustainable approach, access to finance makes … Continue reading →

Energy Answers for the Middle East

By | | ,
1 Comment

The economy of Middle East is practically synonymous with crude oil for the average Western observer, but what most people aren’t aware of is the Middle East hasn’t been doing so well out of its crude oil reserves in recent years. So much so, that it may be the first time in history that we can justifiably declare an imminent state of Peak Oil in these regions. It is an understandably bold statement, and one that will come as a surprise to many… especially those who have been blindsided by the more general, global statistics. Besides a slight dip over … Continue reading →

Sustainable Development and the Arab World

By | | , ,
5 Comments

Sustainable development is a pattern of growth in which resource use aims to meet human needs while preserving the environment so that these needs can be met not only in the present, but also for generations to come. Arab world is facing major sustainability challenges in achieving social, economic and environmental goals. Extremely arid climate, acute water scarcity, high energy consumption and polluting oil and gas industry present a unique challenge in Arab countries. There are four major dimensions of sustainable development – social, economic, environmental and institutional. Social Availability of energy has a direct impact on poverty, employment opportunities, education, demographic transition, indoor pollution and … Continue reading →

Energy Efficiency in Arab World: Key Findings of Arab Future Energy Index 2017

By | | , ,
2 Comments

Energy efficiency is the most cost effective means of reducing the energy intensity of the economy and promoting a low-carbon future in the Arab world. Energy efficiency further helps Arab states meet their SDGs on combating climate change and its impacts (SDG13), as it cuts down on GHG emissions resulting from excessive and inefficient consumption of energy. Energy efficiency improvements can save governments, companies, and citizens billions of dollars in the Arab region from reduced energy bills, while at the same time quickly reducing carbon footprints – a win-win solution. Many countries in the region are now moving ahead with … Continue reading →

Solar Energy in Saudi Arabia: Perspectives

By | | , ,
6 Comments

Saudi Arabia, the epicenter of global oil industry, has been showing keen interest in solar energy in recent years. Saudi Arabia has one of the world’s highest solar irradiation in the world, estimated at approximately 2,200 thermal kWh of solar radiation per m2. The country is strategically located near the Sun Belt, in addition to plentiful availability of empty stretches of desert that may accommodate infrastructure for solar power projects. Vast deposits of sand can be used in the manufacture of silicon PV cells which makes Saudi Arabia an attractive location for solar industry. “The resource is stunning; land is … Continue reading →

A Glance at Waste-Free Economy

By | | , ,
4 Comments

Growth from trashing the planet was never a clever idea and linear economics has now reached the end of the line. The ‘more is better’ economy does not need to be stimulated to grow nor constrained from growing. It needs to be entirely replaced by ‘positive development’ in which markets work to automatically, systematically make things better both locally and globally. The folly of endless resources extraction, endlessly unmet human needs and endless waste dumping can end. Linear economics can be replaced by ‘circular economics’. Waste-Free Growth Model A switch towards waste-free economy would preserve and regenerate material value and … Continue reading →