Turkey can accelerate the reach of national broadband with six policy measures: evolve and boost commercialization channels; reduce the cost of ownership for end users; scale up relevant local applications and content...
Autonomous trucks are an emerging technology with significant potential benefits for GCC countries, particularly given the region’s plans to shift to a knowledge-based...
In the U.S. and Europe, financial technology (FinTech) “ecosystems” have stimulated technological innovation, made financial markets and systems more efficient, and improved the overall customer experience. These ecosystems...
The United Arab Emirates needs a coherent energy-efficiency strategy. This should include a tailored regulatory framework; a communications and information initiatives to persuade residents, builders, and other stakeholders to reduce their energy consumption; and research and development to ensure that the UAE is capitalizing on emerging technology to boost efficiency.
Telecom companies face increased competition and rising network costs, which are reducing their gross earnings. Instead of responding with cost-cutting, they should undertake a comprehensive product profitability and simplification exercise.
The continuing success of digitization initiatives in the Middle East brings with it an added and growing exposure to the risk of cyber-attacks, whether from other states or criminals. Countries need a strategic response that mobilizes stakeholders and builds preventive and reactive cyber-security capabilities.
As the GCC private wealth market continues to grow, almost doubling in size since 2010, understanding the underlying sub-segments is becoming increasingly pertinent. Private bankers can make significant gains by identifying one or more of these sub-segments..
Oil and gas companies need a dynamic strategy that is flexible enough to adapt to changes in the operating environment. Differentiating capabilities set the broad direction of travel, but companies will be able to adapt, as sailors do, in response to changes in the prevailing wind.
GCC family businesses can leverage a critical source of competitive advantage: the women of the family. Business leaders and governments should encourage the region’s high level of female education and training, the gradual growth in women’s labour participation and entrepreneurship, and women’s involvement in family firms’ governance and succession plans.
Developing countries, such as the GCC states, are in an excellent position to compete for more of the meetings industry (meetings, incentives, conferences, and exhibitions). The GCC has growing trade activity, a “crossroads of the world” location, and increasing status as prospecting spots for business travellers generally.
Basel III forces regional banks to take a hard look at their capital allocation and deploy their capital more strategically by calling for higher capital requirements and more stringent definitions of capital. Financial institutions should consider the new rules as a catalyst to upgrade their capabilities and as a call for thoughtful, balanced improvements of their risk-return profile.
GCC policymakers should address the region’s housing shortage with a strategy that brings together housing and socioeconomic policies in a holistic approach that builds communities instead of just housing. Governments should also engage private-sector developers through public–private partnerships, which can allocate resources more effectively and transfer knowledge from private developers to government agencies.
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Jayant Bhargava is a Dubai-based Partner with Strategy& and a member of the firm’s Communications and Technology team. He leads the firm’s digital media and entertainment work in the Middle East.
Gabriel Chahine is a Beirut-based Partner with Strategy& and the leader of the firm’s Consumer and Retail and Health practices in the Middle East. He also sponsors the Operations practice in the Middle East. He is a member of the leadership team of the firm’s Global Marketing and Sales Development Community.
Bahjat El-Darwiche is a Partner with Strategy& and the leader of the ﬁrm’s Communications, Media, and Technology practice in the Middle East. He has around 20 years of experience in the telecommunications industry, acquired through various engagements in the Middle East, Europe, North America, and Asia.
Ramy Sfeir is an Abu Dhabi–based Partner with Strategy& and a member of the firm’s Engineered Products and Services team. He leads the Family, Investments & Real Estate and Deals platforms in the Middle East.
The Ideation Center
The Ideation Center is Strategy&’s leading think tank in the Middle East. Established in 2007, the Ideation Center provides thought leadership through insightful research, analysis, and dialogue that is true to the Middle East’s dynamics. We bring these ideas to the forefront through our publications, website, and forums. read more >
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Access insightful research and focused analyses on social and economic topics that are pertinent to the MENA region. visit the blog >
A critical element missing in the discussion of changes in Arab countries is a generational perspective.
Bringing the GCC’s education system in line with the needs of the employment market requires governments to engage numerous stakeholders.
Sustainable development is critical for the MENA region’s long-term prosperity and stability.
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