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What challenges does the country face today? Having oil wealth is a blessing and a curse. Because it has been so easy, a lot of systems and procedures haven’t been attended to because money would be coming in whether they…
Afric Oil now owns 1% of the total distribution. How did this evolution occur? The government helped as a result of the Black Economic Empowerment. Afric Oil won a sizeable contract to supply TransNet in the late nineties. Many companies…
What makes South Africa an exciting place to invest? ◊ The country’s middle class is burgeoning under the BEE programme, and consumer industries have added another pillar to its economy. Few countries are experiencing such an expansion of their middle-class,…
In being among the first of the Gulf states to discover oil and build a refinery, Bahrain established a precedent for shrewdness that it has continued to exhibit. The island’s oil production never climbed to the heights that its neighbors’…
What makes Oman an exciting place to invest? ◊ Falling oil prices force Oman to re-direct its economic future. The second largest sector, currently undergoing huge development, is the tourism industry. Current investment of US$260 million will create 2,000 new hotel…
Over-reliance on oil production has left the countries of the Arabian Peninsula vulnerable to declines in the price of oil. A swift decline last year led to stagnation in almost all Gulf economies. The notable exception: Oman. Since 1970, the year…
