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Private Sector Development

The Algeria That Wins

Emmanuel Noubissie Ngankam's picture
Also available in: العربية | Français


His achievements may have attracted less attention than the brilliant performance of the Fennecs (“desert foxes”)—the Algerian football team which made it into the round of sixteen at the World Cup in Brazil—but they deserve to be revisited nonetheless. His accomplishments are not included in the records’ book, nor can they be reduced to an act of revenge against France, Algeria’s former colonizer: they are about the kind of success that only globalization holds the key to. 

How can public procurement improve business opportunities for MENA SMEs?

Rachel Lipson's picture
Also available in: العربية | Français


Small and medium-size enterprises (SMEs) are becoming more of a priority for policymakers in the Middle East and North Africa (MENA). Seen as the driving force of many MENA economies, they help stimulate economic growth and encourage innovation and competition. They also play a huge role in creating more jobs in countries where these are urgently needed.

Growing the Green Capital Markets in Dubai

Michael Bennett's picture
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 Theodore Scott
Source: Flickr Creative Commons

Recently, the Dubai Supreme Council of Energy (DSCE) and the World Bank agreed to design a funding strategy for a green investment program in Dubai that would look at financing green investments through a variety of sources, including green bonds and sukuk (Islamic certificates). 

Why Private Sector Development is Crucial for Morocco

Joumana Cobein's picture
Also available in: العربية | Français
 Arne Hoel

Like many economies in the Middle East and North Africa (MENA) region, Morocco’s depends on the public sector, but with its economy expected to grow by only about 3 percent in 2014—having slipped from about 5 percent in 2011—it is clear that the public sector needs all the help it can get. The best way to help the public sector is to grow the private sector, and the International Finance Corporation believes the best way to grow the private sector is to provide advisory services and comprehensive investment solutions to attract foreign money, help local businesses help themselves, and create those desperately needed jobs. 

Why supporting Small and Medium Enterprises in the Gulf is Different

Farrukh Iqbal's picture
Also available in: Français | العربية
Students trying their business inside Dubai Mall
Source: FlickR Creative Commons

Small and Medium Enterprises (SMEs) in the Gulf Cooperation Council (GCC) countries differ from SMEs elsewhere in that they employ mostly expatriate workers and very few of their own nationals. How do we know this? We see it in the labor force statistics: The share of expatriates in the private sector labor force ranges from 80% to 98% in the six GCC countries— Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE)— the lowest being in Oman and Bahrain, and the highest in Qatar and the UAE.   

New technology changes the working day, offering a strategy for more jobs in the Middle East

Kara Schoeffling's picture
Also available in: Français | العربية
  Arne Hoel

It’s no secret that the Middle East and North Africa (MENA) region has the highest youth unemployment rate in the entire world: nearly 30% according to the International Labour Organization. Over one in four young people have no viable means for economic prosperity, and sadly education is no guarantor of a job. Despite these bleak statistics, a recent survey commissioned by Qatar’s telecom giant, Orredoo, suggests that young people still have hope of a great future, fueled in large part by the innovations of the 21st century. The challenge is to innovate technology and alter our way of thinking about work to motivate MENA’s youth.
 

Promoting Social Entrepreneurship in Morocco

Diego Angel-Urdinola's picture
Also available in: العربية | Français
 Arne Hoel

Youssef lives in a small and disadvantaged rural province in the south of Morocco. He is a manufacturing worker in a local factory. He has two children aged 10 and 12. The public school his children could attend is far from the factory and has been in the process of rehabilitation for several years. Student and teacher absenteeism is quite high, especially during the winter because the school has no heating and roads to the school are in poor condition.

Privatization: A Key to Solving Egypt’s Economic Woes

Karim Badr El-Din's picture
Also available in: Français | العربية
Cairo Street

In 1991, Egypt launched the Economic Reform and Structural Transformation Program (ERSAP) to address dire economic conditions. The difficult financial situation forced the government to reschedule its public debt twice, in 1987 and 1991. The Egyptian reform program moved at a slow pace until 2003, when the government pushed for further liberalization of the economy. The government began by floating the rate of exchange of the Egyptian pound in 2003, followed by the implementation of a series of policies aiming at shifting Egypt from a centrally planned to a free market economy.

Lowering Barriers to High Speed Internet in the Arab World

Michel Rogy's picture
Also available in: العربية | Français
Lowering Barriers to High Speed Internet in the Arab World
This blog post was first published on the ICT blog.

On affordability grounds alone, millions of people in the Middle East and North Africa region could be excluded from today’s information revolution. Meeting this challenge has become a top regional priority. Many countries in the Arab world have identified broadband Internet as a critical input to the broader objective of nation building and the transition to a knowledge-based economy.http://www.worldbank.org/en/region/mena/publication/broadband-networks-in-mna

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