Gulf Region


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Gulf Region

  2. 2. <ul><li>Officially Established on 26 May 1981 </li></ul><ul><li>Aim of GCC :To promote coordination between member states in all fields in order to achieve unity. </li></ul><ul><li>In 1991 it joined with Egypt and Syria to create a Regional Peacekeeping Force. </li></ul><ul><li>In 2003 Tariffs on trade between member nations was eliminated and established Common External Tariffs . </li></ul><ul><li>In 2008 Gulf Common Market was established. </li></ul><ul><li>By 2010 they are aiming to establish a Broader Economic union ( including a single market and currency ) </li></ul>Map of the countries comprising GCC(in green) Map of the countries comprising GCC(in green) Gulf Cooperation Council (GCC)
  3. 3. <ul><li>GCC COUNTRIES </li></ul><ul><li>Saudi Arabia </li></ul><ul><li>Kuwait </li></ul><ul><li>Bahrain </li></ul><ul><li>Qatar </li></ul><ul><li>Sultanate of Oman </li></ul><ul><li>United Arab Emirates </li></ul><ul><ul><ul><li>Abu Dhabi </li></ul></ul></ul><ul><ul><ul><li>Dubai. </li></ul></ul></ul><ul><ul><ul><li>Sharjah. </li></ul></ul></ul><ul><ul><ul><li>Ajman. </li></ul></ul></ul><ul><ul><ul><li>Umm Al Qaiwain. </li></ul></ul></ul><ul><ul><ul><li>Ras Al Khaimah . </li></ul></ul></ul><ul><ul><ul><li>Fujairah </li></ul></ul></ul><ul><li>NON GCC COUNTRIES </li></ul><ul><li>Algeria </li></ul><ul><li>Djibouti </li></ul><ul><li>Egypt </li></ul><ul><li>Iraq </li></ul><ul><li>Jordan </li></ul><ul><li>Lebanon </li></ul><ul><li>Libya </li></ul><ul><li>Mauritania </li></ul><ul><li>Morocco </li></ul><ul><li>Sudan </li></ul><ul><li>Syria </li></ul><ul><li>Tunisia </li></ul><ul><li>West Bank/Gaza </li></ul><ul><li>Yemen </li></ul>
  4. 4. Climatic Conditions of Gulf <ul><li>Saudi Arabia : one of the driest countries in the world. with rainfall averaging is less than 5 inches per year. </li></ul><ul><li>Bahrain : Most of the year the climate is very hot and also very humid because of the Arabian gulf sea surrounding the Island </li></ul><ul><li>Kuwait :Little rainfall, high temperatures and lots of sunshine. </li></ul><ul><li>U.A.E : Climate is subtropical. Rain occurs in winter and amounts to 13cm a year only. </li></ul><ul><li>Oman: Climate is very complicated. Hot and dry in the interior, hot and humid along the coast . Rainfall throughout the country is minimal, averaging only about 4 inches (100 mm) per year, although precipitation in the mountains is heavier . </li></ul>
  5. 5. Environment of Gulf <ul><li>Saudi Arabia: M ost known type of animal’s are Falcon’s Camels, different types of Lizards & Snakes. </li></ul><ul><li>Bahrain : Tubli bay in the eastern part of the island holds the vast of the mangroves </li></ul><ul><li>Kuwait :Camels are likely to find in the Kuwait desert, although the camel has been domesticated it is a natural Arabian Species </li></ul><ul><li>Oman : Over thirteen types of whales and dolphins are found in the waters off Oman . </li></ul>
  6. 6. Customs and Traditions of Gulf Region <ul><li>The traditional clothes is the Thobe , on their heads they’d wear the gahfia ,on top of that would be the Iga the shaila and abaya for the women. </li></ul><ul><li>Sword dance is famous in Saudi Arabia . </li></ul><ul><li>Traditional activities like Falconry& Pearl Diving are famous in Kuwait </li></ul>
  7. 7. SAUDI ARABIA Population:24,573,000 Capital: Riyadh Language: Arabic Religion: Muslim Currency: Saudi riyal Life Expectancy:72 GDP : U.S. $11,400 Literacy Percent:79
  8. 8. Location & Geographical Features <ul><li>Saudi Arabia is Bordered by </li></ul><ul><ul><ul><li>Jordan on the north-west. </li></ul></ul></ul><ul><ul><ul><li>Iraq on the North and Northeast. </li></ul></ul></ul><ul><ul><ul><li>Kuwait, Qatar, Bahrain. </li></ul></ul></ul><ul><ul><ul><li>United Arab Emirates to East. </li></ul></ul></ul><ul><ul><ul><li>Oman on the Southeast. </li></ul></ul></ul><ul><ul><ul><li>Yemen on the South. </li></ul></ul></ul><ul><ul><li>Geographical Features </li></ul></ul><ul><li>The southwestern region has mountains as high as 3,000 m, and is known for having the greenest and freshest atmosphere in all of Saudi Arabia. </li></ul><ul><li>The Red Sea lies to the West of Saudi Arabia. </li></ul>
  9. 9. Government <ul><li>Saudi Arabia is a monarchy country, Lead by “King Abdullah bin Abdul Aziz”. </li></ul><ul><li>The king was elected by the vote of the (male) citizens. </li></ul><ul><li>The king's powers are supposedly limited within the Shari'a and other Saudi traditions. </li></ul>
  10. 10. BAHRAIN Population:731,000 Capital:Manama Language: Arabic, English, Farsi, Urdu Religion: Shiite and SunniMuslim Currency: Bahraini dinar Life Expectancy: 74 GDP per Capita U.S. $15,100 Literacy Percent:89
  11. 11. Location & Geographical Features <ul><li>Bahrain is an island so there are no countries that border it. </li></ul><ul><li>Places near it are </li></ul><ul><ul><li>Saudi Arabia </li></ul></ul><ul><ul><li>Qatar </li></ul></ul><ul><ul><li>Kuwait </li></ul></ul><ul><ul><li>U.A.E. </li></ul></ul><ul><li>Geographical Features </li></ul><ul><li>It is generally flat made up of thirty three islands. </li></ul>
  12. 12. Government <ul><li>It is constitutional monarchy leaded by the King, Sheikh Hamad bin Isa Al Khalifa. </li></ul><ul><li>The head of government is the </li></ul><ul><li>Prime Minister, Sheikh Khalifa bin Salman Al Khalifa. </li></ul><ul><li>The cabinet is made up of 23 people. </li></ul><ul><li>The first elections for the members of parliament took place in 2002 </li></ul><ul><li>Although 70% of the country are Shia the rulers and the government are Sunni . </li></ul>
  13. 13. Tourism <ul><li>Very popular place for tourists. </li></ul><ul><li>It gets about 8 million tourists a year mostly from surrounding Arab nations but the numbers from outside the region is growing rapidly due to the countries rich legacy and the Bahrain formula one race track. </li></ul><ul><li>It is described as “an excellent introduction to the Persian gulf.” </li></ul><ul><li>The Bahrain national museum has artifacts that date to 9000 years ago. </li></ul>
  14. 14. Kuwait Population:2,589,000 Capital: Kuwait City Language: Arabic, English Religion: Sunni and Shiite Muslim, Christian, Hindu, Parsi Currency: Kuwaiti dinar Life Expectancy: 78 GDP : U.S. $17,500 Literacy Percent : 84
  15. 15. Location & Geographical Features <ul><li>Located in the Southwest Asia next to the Persian Gulf and between Iraq and Saudi Arabia. </li></ul><ul><li>The countries that are near : </li></ul><ul><ul><ul><li>Qatar </li></ul></ul></ul><ul><ul><ul><li>Saudi Arabia </li></ul></ul></ul><ul><ul><ul><li>UAE </li></ul></ul></ul><ul><ul><ul><li>Bahrain </li></ul></ul></ul><ul><ul><ul><li>Yemen </li></ul></ul></ul><ul><ul><ul><li>Oman </li></ul></ul></ul><ul><li>Geographical Features </li></ul><ul><ul><li>Flat to slightly undulating desert plain. </li></ul></ul>
  16. 16. Government <ul><li>It is a constitutional monarchy, governed by the al-Sabah family. </li></ul><ul><li>The present Emir of Kuwait is his highness Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah. </li></ul>
  17. 17. Tourism <ul><li>Places tourist can visit is: </li></ul><ul><li>The Liberation Tower, it is the symbol of </li></ul><ul><li>Kuwaiti liberation. </li></ul><ul><li>There are also the Kuwaiti Towers and the National Museum. </li></ul>
  18. 18. OMAN Population: 2,436,000 Capital: Muscat Language: Arabic, English, Baluchi, Urdu, Indian dialects Religion:Ibadhi Muslim, Sunni Muslim, Shiite Muslim, Hindu Currency: Omani rial Life Expectancy: 73 GDP :U.S. $8,300 Literacy Percent:76
  19. 19. Location & Geographical Features <ul><li>Located in the Middle East, bordering </li></ul><ul><ul><li>The Arabian Sea to the east. </li></ul></ul><ul><ul><li>Saudi Arabia to the west. </li></ul></ul><ul><ul><li>Yemen to the south . </li></ul></ul><ul><ul><li>UAE to the north . </li></ul></ul><ul><li>Geographical Features </li></ul><ul><li>It is s the dessert landscape and also the highness of the topography of the land. </li></ul><ul><li>Because of Arabian Sea Omani people and the Arabian peninsula in whole provided with water, fish, and fossil water which is a resource. </li></ul>
  20. 20. Government <ul><li>In Oman the legislative group are the people who make the laws in Oman. </li></ul><ul><li>Oman is governed by a monarchy (sultanate). Sultan Qaboos bin Said </li></ul><ul><li>The sultan is the head of state, and, although he also acts as the prime minister, he may appoint one if he chooses. </li></ul><ul><li>The sultan is chosen by a method called voting, in which only the tribal leaders and intellectuals and prominent businessmen may vote. </li></ul>
  21. 21. Tourism <ul><li>Over 4 million people from different countries visited Oman. </li></ul><ul><li>Oman has so many tourist attractions like </li></ul><ul><ul><ul><li>wadi shab </li></ul></ul></ul><ul><ul><ul><li>wahiba </li></ul></ul></ul><ul><ul><ul><li>The jabrin Fort </li></ul></ul></ul><ul><ul><ul><li>Grand Mosque </li></ul></ul></ul>Wadi Shab Grand Mosque Jabrin Fort Wahiba
  22. 22. United Arab Emirates Population: 4,618,000 Capital:Abu Dhabi Language: Arabic, Persian, English, Hindi, Urdu Religion: Sunni and Shiite Muslim, Christian, Hindu, Currency:Emirati dirham Life Expectancy:74 GDP :U.S. $22,100 Literacy Percent:78
  23. 23. Location & Geographical Features <ul><li>The United Arab Emirates which is also known as the U.A.E. </li></ul><ul><li>The countries surrounding the U.A.E are </li></ul><ul><ul><li>Qatar </li></ul></ul><ul><ul><li>Saudi Arabia </li></ul></ul><ul><ul><li>Oman </li></ul></ul><ul><ul><li>Iran </li></ul></ul><ul><li>Geographical Features </li></ul><ul><li>United Arab Emirates is almost completely a desert, except for Dubai, which is a really improved city, with great technology and beautiful sky scrapers. </li></ul>Burj Dubai
  24. 24. Government <ul><li>Government is a monarchy Consists of Seven tiny kingdoms each ruled by an emir and one emir plays a in charge role of all Emir’s </li></ul>Khalifa bin Zayed Al Nahyan
  25. 25. Seven Emirates Abu Dhabi Dubai Sharjah Ajman Umm Al Qaiwain Ras Al Khaimah Fujairah
  26. 26. Brief description on Seven Emirates <ul><li>Abu Dhabi , by far the largest emirate , Pearling and fishing were the main sources of income for the people. </li></ul><ul><li>Dubai , the second largest of the seven emirates, Pearling and fishing were the main sources of income for the people. </li></ul><ul><li>Sharjah's famous for salt mines constituted an important part of its export business , along with pearls . It is the cultural and educational centre of the UAE . </li></ul><ul><li>Ajman is the smallest emirate, Fishing and date-trees provided the local population with their primary means of sustenance . </li></ul><ul><li>Umm Al Qaiwain It is the second smallest emirate, Fishing is the primary means of income. Date farming also plays a significant role in the economy. </li></ul><ul><li>Ras Al Khaimah has a unique abundance of flora, so it is no surprise that Agriculture is important to the local economy. The emirate also benefits from its Stone quarries, and fishing , which is plentiful in the rich waters of the Gulf. </li></ul><ul><li>Fujairah the only emirate without a coastline on the Arabian Gulf ,economy is based on fishing and agriculture . </li></ul>
  27. 27. Economy of Gulf Region <ul><li>Saudi Arabia :Petroleum sector accounts for roughly 75% of budget revenues, 45% of GDP, and 90% of export earnings. About 40% of GDP comes from theprivate sector </li></ul><ul><li>Bahrain : Petroleum production is the most important resource. It is 60% of the exports, 60% of the government revenues and 30% of the countries GDP. </li></ul><ul><li>Kuwait : It owns about 10 percent of the worlds proven oil reserves. Its crude oil reserves of about 95% of export revenues, and 80-90% of government income. </li></ul><ul><li>Oman has a pretty low GPD per capita of about 8,300, which is slightly lower than the world’s average </li></ul><ul><li>U.A.E has been largely funded by oil revenues, the GDP of UAE economy is the fastest growing </li></ul>
  28. 28. QATAR Population:768,000 Capital:Doha Language:Arabic, English Religion: Muslim Currency: Qatari rial Life Expectancy:72 GDP :U.S. $20,100 Literacy Percent: 83
  29. 29. LOCATION <ul><li>Qatar is neighbored by four countries </li></ul><ul><li>To the north Bahrain </li></ul><ul><li>To the west Saudi Arabia </li></ul><ul><li>To the south the U.A.E </li></ul><ul><li>To the east the closest country to it is Iran. </li></ul>
  30. 30. Geographic Features <ul><li>Qatar has a limited space and is a small country. </li></ul><ul><li>It does not have any rivers, lakes or ponds or huge mountains. </li></ul><ul><li>The highest point in Qatar is jebel Dukhan( the mountain of Dukhan ), it is about 90 meters tall ,area contains Qatar's largest onshore oil fields. </li></ul>
  31. 31. Climatic Conditions <ul><li>Qatar does not have a big range of weathers and climates. </li></ul><ul><li>Qatar has a desert climate and it rarely changes it’s pattern of temperature and wind. </li></ul><ul><li>In the winters of Qatar are mostly December, January , and until the middle of February ; this time for Qatar is very peaceful and it will usually rain a bit during this period of time, </li></ul><ul><li>The summers in Qatar are extremely humid and hot. </li></ul><ul><li>The summer time is usually June, July and August . </li></ul>
  32. 32. Government <ul><li>Qatar is a constitutional monarchy. </li></ul><ul><li>Qatar president ( emir ) is sheikh Hamad bin khalifa Al Thani. </li></ul><ul><li>The law in Qatar is based on Islamic and civil law codes. </li></ul><ul><li>Advisory council ( majlis Al Shura ) is appointed by the emir to help the emir in his job. </li></ul><ul><li>The prime minister of the country is Hamad bin Jassin Bin Jabor Al Thani. </li></ul>Sheikh Hamad bin khalifa AlThani Hamad bin Jassin Bin Jabor Al Thani.
  33. 33. International & Regional Relations <ul><li>International </li></ul><ul><ul><li>United Nations(U.N) </li></ul></ul><ul><ul><li>WTO </li></ul></ul><ul><ul><li>OPEC </li></ul></ul><ul><ul><li>IMF </li></ul></ul><ul><li>Regional </li></ul><ul><ul><li>GCC </li></ul></ul><ul><ul><li>OAPEC </li></ul></ul><ul><ul><li>Arab League(AL) </li></ul></ul>
  34. 34. ECONOMY <ul><ul><li>Overall Balance of payments=$10,900 million </li></ul></ul><ul><ul><li>Export goods </li></ul></ul><ul><ul><ul><li>Petroleum products(80%),fertilizers and steel </li></ul></ul></ul><ul><ul><li>Export partners </li></ul></ul><ul><ul><ul><li>Japan(52%),Singapore(9%),South Korea(8%),U.S.A and UAE. </li></ul></ul></ul><ul><ul><li>Import goods </li></ul></ul><ul><ul><ul><li>Machinery & transport equipment, food and chemicals </li></ul></ul></ul><ul><ul><li>Import partners </li></ul></ul><ul><ul><ul><li>U.K(10%),Japan(8%),Germany,Italy and U.S.A(6%) </li></ul></ul></ul>
  35. 35. <ul><li>Labour Market </li></ul><ul><ul><li>90% of the workforce are expatriates </li></ul></ul><ul><ul><li>Many locals work at the bureaucracy </li></ul></ul><ul><ul><li>Unemployment may become a problem as the population increases very fast </li></ul></ul><ul><ul><li>Efforts to improve the local human capital </li></ul></ul><ul><li>State Budget/Public Expenditures </li></ul><ul><ul><li>Government revenues are largely dependent on oil </li></ul></ul><ul><ul><li>Large external debts due to large lending's from Japanese banks </li></ul></ul><ul><ul><li>Serious efforts to control the public expenditures </li></ul></ul><ul><li>Foreign Investment </li></ul><ul><ul><li>The government encourages foreign investment in joint ventures with Qatari partners </li></ul></ul><ul><ul><li>Many regulations and legal limits for foreign investors </li></ul></ul><ul><li>Sectors of foreign Investment </li></ul><ul><ul><li>Electricity </li></ul></ul><ul><ul><li>water sectors </li></ul></ul><ul><ul><li>oil and natural gas development . </li></ul></ul><ul><li>Privatisation </li></ul><ul><ul><li>The laws about foreign investment are a drawback </li></ul></ul><ul><ul><li>The establishment of the Stock exchange is expected to facilitate privatisation </li></ul></ul>
  36. 36. <ul><li>The Doha Stock-Exchange Doha Securities Market (DSM) </li></ul><ul><ul><li>Began operation in the first quarter of 1997 </li></ul></ul><ul><ul><li>Trading is confined only to Qatari's </li></ul></ul><ul><ul><li>The stock-exchange is autonomous , but </li></ul></ul><ul><ul><li>Directly overseen by the Finance, Economic and Trade Ministry </li></ul></ul><ul><li>Medium Run Prospects </li></ul><ul><ul><li>Rapid population growth-low level of human capital </li></ul></ul><ul><ul><li>Development of non-oil sectors </li></ul></ul><ul><ul><li>Control Public expenditures </li></ul></ul><ul><ul><li>Instability in the region </li></ul></ul><ul><li>Long run prospects </li></ul><ul><ul><li>Petroleum reserves are declining fast </li></ul></ul><ul><ul><li>There is a strong need to diversify the structure of economy </li></ul></ul><ul><ul><li>Research for gas substitutes </li></ul></ul>
  37. 37. Structure of Economy <ul><ul><li>The economy of Qatar has two sectors </li></ul></ul><ul><ul><ul><li>The oil sector </li></ul></ul></ul><ul><ul><ul><li>The non-oil sector </li></ul></ul></ul><ul><ul><ul><ul><li>Agriculture </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Manufacturing Industries </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Transportation </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Communication </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Finance & real estate services etc </li></ul></ul></ul></ul>
  38. 38. Banks in Qatar 1 Al Khaliji 1 Qatar Industrial Development Bank Pakistani 1 United Bank Limited 1 GrindlaysQatar Bank Iranian 1 Saderat Iran Bank 12 Qatar Islamic Bank French 1 P.N.B. Paribas 7 Qatar International Islamic Bank British 3 HSBC Bank Middle East 10 Al-AhliBankof Qatar British 1 Standard Chartered Bank 13 Commercial Bank of Qatar UAE 1 Mashreq Bank Plc 16 Doha Bank Jordanian 3 Arab Bank Limited 30 QatarNational Bank Nationality No of Branches Name No of Branches Name Foreign Banks Domestic Banks
  39. 39. SAFETY AND SECURITY <ul><li>Incidents of violence are rare in Qatar </li></ul><ul><li>The crime rate in Qatar is generally low , incidents of violence are rare but frequently as Doha ’s population and economic pressures </li></ul><ul><li>The Qatari Police can be contacted for emergency assistance by dialing 999 from any telephone in Qatar . </li></ul><ul><li>Criminal offenses are punished according to Qatari laws , some cases are based on Islamic law and sometimes more severe than in the United States for similar offenses.  </li></ul><ul><li>Penalties for </li></ul><ul><ul><li>use or trafficking in illegal drugs </li></ul></ul><ul><ul><li>Homosexual activity </li></ul></ul><ul><ul><li>using or disseminating child pornography </li></ul></ul><ul><li>in Qatar are considered severe </li></ul>
  40. 40. Qatar Newspapers and News Sites <ul><li>Al Jazeera English language site of Qatar based pan-Arabian TV broadcaster. </li></ul><ul><li>Foreign Information Agency (FIA) Multilanguage news portal. </li></ul><ul><li>Gulf Times First English newspaper in Qatar. </li></ul><ul><li>Qatar Falcon Business oriented news site. </li></ul><ul><li>Qatar Ministry Of Foreign Affairs Find general country and tourism information as well as info on visa regulations. </li></ul><ul><li>Qatar News Agency Daily Qatar and Middle East news from official news service. </li></ul><ul><li>Qatar Tourism Authority Provides news and information about visiting Qatar including activities, accommodation, travel, investor relations, guide to Doha and other cities, more. </li></ul><ul><li>Peninsula, The Qatar's leading English daily newspaper. </li></ul>
  42. 42. 1 st January 2008 <ul><li>At the end of the 28th Gulf summit in Doha, </li></ul><ul><li>The wealthy Six Gulf states have taken a step closer together economically with the formation of a common market as Gulf Common Market . </li></ul><ul><li>Aim Gulf Common Market : To build on local strengths where all </li></ul><ul><li>Gulf nationals will be considered equal citizens and will enjoy the same rights in the fields : </li></ul><ul><ul><ul><li>Travel </li></ul></ul></ul><ul><ul><ul><li>Employment </li></ul></ul></ul><ul><ul><ul><li>Education </li></ul></ul></ul><ul><ul><ul><li>Economic </li></ul></ul></ul><ul><ul><ul><li>Financial & investment opportunities . </li></ul></ul></ul><ul><li>Main challenges for the Gulf Common Market </li></ul><ul><ul><li>Monetary policies in the GCC states </li></ul></ul><ul><ul><li>Inflation rates </li></ul></ul><ul><ul><li>Laws and Regulations related to investment . </li></ul></ul><ul><li>problems and obstacles : S ome member states have signed Bilateral Economic Agreements with non-GCC countries. </li></ul><ul><li>Real implementation of the GCC common market : Requires months and that this period was needed to have the local rules and Regulations amended to match the requirements of the Common Market . </li></ul>
  43. 43. <ul><li>Procespects of GCC Common Market </li></ul><ul><li>Would grant the countries strong competitive tools to face the Global Economic challenges. </li></ul><ul><li>The common market is the beginning of a new phase for the activation of </li></ul><ul><li>GCC Economic Integration, will make them one big economy which can withstand competition in world markets. </li></ul><ul><li>Concerns of GCC Common Market </li></ul><ul><li>Different Economic Models of the six countries to secure a meaningful common market looks difficult. </li></ul><ul><li>Different Legislative arrangements in the six Gulf countries, such as </li></ul><ul><ul><li>Ownership </li></ul></ul><ul><ul><li>Investment legislation . </li></ul></ul>
  44. 44. THANK YOU