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Global Economy

Economic and Social Empowerment is Believing in People’s Potential When No One Else Would!

Laila Tawfik Anaam's picture
Also available in: العربية

Leaving university with a business degree back in 2010, my dream was to wow the business world with my enthusiasm and be the number one businesswoman in Yemen. Little did I know, within a year of working in the business sector, that my passion is not to make rich people richer nor to gain the title "number one businesswoman". My REAL passion in life is to be an influencer and a person who makes real positive impact in people's lives. Realizing that, I started to become a dedicated and aggressively motivated person who fights for economic and social empowerment in Yemen. Right there, I shifted my career focus and objectives from making an empire of my own to making it possible for people with potential, but fewer opportunities in life, to build their idea of an empire. 

Millennials Welcome! Young women are revolutionizing the startup scene despite conflicts in MENA

Tobias Lechtenfeld's picture
Also available in: العربية | Français


Our team at the MENA Youth Platform recently had a conversation about women-and youth-led entrepreneurship in the MENA region, and for which emerging trends to look for. One thing is very clear: the next revolution could look very different.

Transitions and Time Lags: Understanding a Dispiriting but Temporary Phenomenon

Antonius Verheijen's picture
Also available in: العربية


Having spent much of my working life working with and in countries in transition, it remains painful to watch the disillusionment that so often strikes people that had the courage to change a bad political situation, but then are forced to live through economic hardship. It is those that chose change that seem always to suffer most. But one source of hope is that, fortunately, this hasn’t stopped people from trying. This was true for Southern Europe in the late 1970s (though I was still in school at the time), Central and East European countries in the 1990s, several African countries in the 2000s and, as history has a knack for repeating itself, Tunisia today. 

Tunisia: Looking ahead or back to the future?

Antonius Verheijen's picture
Also available in: العربية

I had the privilege recently to spend an unscheduled hour of discussion with a group of young Tunisians who were visiting our offices. As often, on these occasions it is hard not to get captured by the energy and impatience of the young people in this region. It gives hope that entrepreneurial spirit is really alive and well in a country where reliable private sector services remain otherwise hard to come by, let alone public ones. If one combines the energy of youth with the message in a recent (equally energetic) speech by the Minister of Development to a large group of investors, one gets a sense that Tunisia is, indeed, looking ahead and not to the past.

Yet, as always, reality is far more complex, and often we are confronted with a much gloomier picture of a country that is perceived as, economically, turning inward. This is the case even more so now, as Tunisia is coming under immense pressure to get its public finances in order. This has generated some decisions that go right against the message of openness and dynamism that one gets when meeting with young Tunisians. It all begs the question, for a newcomer like myself, which of the parallel universes is the real one, and, as in a movie, which one ultimately will prevail.

Did data miss the Arab Uprisings?

Mohamed Younis's picture
Also available in: Français | العربية
Cairo's Tahrir Square, Egypt. Hang Dinh / Shutterstock.com

In the build up to the Arab uprisings, data was doing its part to deceive those who follow the region closely. Tunisia and Egypt provide great examples. Both nations closed the first decade of the century implementing the kind of classic economic reforms often praised by western-based multilateral and international organizations. Extremely qualified, intelligent and well-meaning experts on both countries took an objective look at reforms, GDP trajectories and other traditional metrics, such as infant mortality rates, poverty reduction, etc., and concluded that these countries, while not perfect, were moving forward along a path of increasing correction. A few weeks later, both nations were in complete political upheaval.  

Developing but growing less happy: what explains this paradox in the Arab world?

Elena Ianchovichina's picture
Also available in: Français | العربية
Shutterstock l arindambanerjee

The events of the Arab Spring took the world by surprise: there were no obvious signs of an approaching storm in the Levant and the Maghreb. Objective measures—used on a regular basis—showed that economies in these parts of the Middle East and North Africa grew at a moderate pace, had low and declining rates of absolute poverty, low-to-moderate income inequality, as well as decreasing child mortality rates and increasing levels of literacy and life expectancy. 

After the nuclear agreement: What’s next on the economic front for Iranians?

Amin Mohseni-Cheraghlou's picture
Also available in: Français | العربية
 Thomas Koch l Shutterstock.com

The nuclear agreement between Iran and the “P5+1” has finally reached adoption stage - and there is much excitement on economic fronts. Multinationals from around the world are queuing up to gain access to Iran’s market of more than 70 million people, many of whom have an appetite for Western goods!

Much ado about nothing? The economic impact of refugee ‘invasions’

Massimiliano Calì's picture
Also available in: العربية | Français
Stranded Refugees and Migrants camp in Hungary - Spectral-Design l Shuterstock.com

To those European Union citizens who think that the ongoing “refugee invasion” into the EU is quickly becoming economically unsustainable: If the experience of Syria’s neighbors is anything to go by, you may need to think again.

Stock market tensions and the impact on the GCC

Jaime de Piniés Bianchi's picture
Also available in: Français | العربية
 Fedor Selivanov l Shutterstock.com

The slowdown in China and the weak recovery in Europe and the United States has also impacted Commodity markets.  Oil prices, however, had held firm until the decision of Saudi Arabia in mid-2014 to support its market share rather than prices.

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