CHALLENGES AND OPPORTUNITIES: CHANGING STRUCTURE OF THE INTERNATIONAL ENERGY MARKET Jun,2010 The international energy market is expected to undergo change during this decade and the next. Particularly important is the oil market and Saudi Arabia. The next 20 years will bring major challenges and opportunities to the oil industry as well as to Saudi Arabia. There will be a new emerging energy and oil structures during the coming years. These changes will focus on four different areas.
»OIL & GAS
THE 12TH INTERNATIONAL ENERGY FORUM: ENHANCED TRANSPARENCY IMPORTANT FOR EXPANSION Jun,2010 The 12th IEF in Cancun on 30-31 March was a dramatic step forward for the International Energy Forum and the global energy dialogue. The IEF convened this year with 103 delegations in attendance, including 63 ministerial delegations and 14 international organizations. In addition to these vital components of the energy dialogue, an extraordinary level of participation from CEOs and ministers also marked the two-day event in the fourth meeting of the International Energy Business Forum (IEBF).
»REGIONAL BUSINESS
Good to Grow: GCC Insurance Industry Has Plenty of Potential to Fulfil Apr,2010 Insurance premiums in the Gulf Corporation Council (GCC) reached an overall volume of $10.6 billion last year, showing a massive 28% year-on-year growth rate, according to research conducted by Value Partners, a leading global management consulting firm. This compares to a world¬wide growth of 3.4% in nominal US dollar terms, implying stagnation in real terms.
»REGIONAL BUSINESS
Opportunities Over Challenges: Report Explores State of Jordan’s Economy Apr,2010 A new economic report on Jordan, “Fiscal consolidation requirements: The key challenges for the kingdom’s economy” has been issued by Bank Audi s.a.l-Audi Saradar Group. The report addresses the most important economic developments in 2009 on the macro side and by sector of activity and discusses the outlook for 2010 at large.
»REGIONAL BUSINESS
EMV goes East: Stemming Payments Fraud Through Chip and PIN Apr,2010 Payment fraud has not traditionally been seen as an issue among financial institutions in the Middle East. However, the past few years have seen a dramatic rise in magneticstripe card fraud and ATMs have been plagued by transactions executed with unauthorised cards. Rapid economic growth in the region and an influx of visitors from around the world have been key factors in the increase in criminal activity.
»EFFECTIVE MANAGEMENT
Walking in Their Shoes: Management by Doing the Job Apr,2010 Years ago, Hewlett-Packard introduced the concept of MBWA, Management by Walking Around. The new American reality show, “Undercover Boss”, takes the concept one step further and introduces MBDTJ, Management by Doing the Job.