How will countries like UAE and Bahrain cope when their oil runs out?
What will stimulate their economies in 50, 100 years time? It just seems to me that, all their essential wealth and grandeur is stemmed solely from the oil industry.. when this runs out, will they remain the wealthy countries that they are at present? The riches in Dubai for example does not surround oil. Surprisingly, Dubai riches is mainly connected to an airline company. Dubai Airlines and Emirate Airs, are the main cash-cows for their wealth.
Also of course its levraged by oil in
Much more vulnerable, these economists say, are the diversified economies that rely on service-sector income and foreign direct investment, including Egypt, Tunisia and Bahrain, a smaller oil producer. Industries employing millions of workers across
L Paul Bremer III, the proconsul later chosen by president Bush to oversee the establishment of a new Iraq, brought in a team of American oil executives to supervise the privatization of the country's oil industry, while the US Department of Energy
L. Paul Bremer III, the proconsul later chosen by President Bush to oversee the establishment of a new Iraq, brought in a team of American oil executives to supervise the privatization of the country's oil industry, while the US Department of Energy