close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Road to Recovery, Part II

Road to Recovery, Part II

Come on – it wasn’t all bad. The crash of 2009 put the Gulf economies on a more solid footing, reports Trends magazine. Part II.

0

November 23, 2009 12:15 by



“The growth was driven by the growth in oil prices, and not real changes in the structure of the economy or improvements in productivity. This quality of growth is not sustainable in the long run,” Saif notes.

“There must be a new effort to revisit these economic policies, going, of course, in the direction of increasing the level of economic productivity and developing the service sector, which can provide more jobs to the national population [local GCC citizens],” he says.

Critics of this view will surely point to the gains made during the boom years: The tallest building in the world, for instance, or in the case of Qatar, an economic model that the International Monetary Fund predicts will soon yield the world’s highest GDP per capita.

The UAE has also made huge leaps in transport and logistics infrastructure, making Dubai’s airport the world’s sixth-busiest in terms of international passenger traffic (it didn’t even rank in the top 30 in 2000), and the fourth-busiest in terms of cargo.

“The UAE is returning to its roots, as Dubai has always been a cosmopolitan trading hub,” writes Philippe Dauba-Pantanacce, senior economist for the Middle East and North Africa at Standard Chartered in Dubai, in a recent report on the UAE.

“It is now transforming itself into a logistics hub, too.” He adds that the UAE is right to be pursuing aggressive air and seaport development, given that apart from oil, its geographic location is its most important asset.

One third of the world’s population lives within four hours by plane.

Perhaps, however, it’s worth paying attention to those, like Carnegie’s Saif, who pour cold water on the idea that the boom years have set the Gulf on the right course.



Pages: 1 2 3 4 5

0

Tags: , , ,

Leave a Comment