The Business of Sports in the Gulf Cooperation Council Member States

2019 ◽  
pp. 183-204 ◽  
Author(s):  
Simon Chadwick
Keyword(s):  
United Arab Emirates ◽  
Oil And Gas ◽  
Gulf Cooperation Council ◽  
Member States ◽  
Central Focus ◽  
Sports Events ◽  
Football Clubs ◽  
Sport Industry ◽  
Naming Rights ◽  
Mega Sports Events

This chapter presents an overview of sports business in the six Gulf Cooperation Council (GCC) states. GCC member states stage mega-sports events and invest in global sports through the acquisition of football clubs, for example. Shirt sponsorship and stadium naming rights deals of the region’s national airlines aim to create favorable perceptions of the companies and their nations as well as to diversify economies beyond oil and gas. This chapter also provides a statistical profile of sport in each GCC member state and shows that Bahrain, Kuwait, and Oman are lagging far behind Saudi Arabia, the United Arab Emirates, and Qatar in terms of sport industry size. Fluctuating oil prices, political tensions between GCC states, and weak attendance at games are serious threats to the future growth of the sport industry. Our conclusion is that the private sector needs to develop extensively in order to replace the state as the industry’s central focus.

Khaleeji-Capital: Class-Formation and Regional Integration in the Middle-East Gulf

2010 ◽  
Vol 18 (2) ◽  
pp. 35-76 ◽  
Author(s):  
Adam Hanieh
Keyword(s):  
Political Economy ◽  
Saudi Arabia ◽  
Middle East ◽  
United Arab Emirates ◽  
Regional Integration ◽  
Oil And Gas ◽  
Gulf Cooperation Council ◽  
Class Formation ◽  
Capitalist Class

The countries of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) are most typically understood from the perspective of their position as the world’s key oil- and gas-producing states. This essay explores the largely-overlooked processes of class-formation in the GCC, and argues that very profound tendencies of capital-internationalisation are occurring alongside Gulf regional integration. The circuits of capital are increasingly cast at the pan-Gulf scale, and a capitalist class – described as khaleeji-capital – is emerging around the accumulation-opportunities presented within the new regional space. The formation of khaleeji-capital represents the development of a class increasingly aligned with the interests of imperialism and has important ramifications for understanding the region’s political economy.

Key Issues in the Political Economy of the Gulf Cooperation Council States

2021 ◽  
Author(s):  
Adam Hanieh
Keyword(s):  
Political Economy ◽  
Middle East ◽  
United Arab Emirates ◽  
Oil And Gas ◽  
Arabian Peninsula ◽  
Gulf Cooperation Council ◽  
Hydrocarbon Production ◽  
Oil Markets ◽  
Key Issues

The six Gulf Cooperation Council monarchies—Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, Qatar, and Oman—hold a distinctive position in the Middle East. Located on the strategically significant Arabian Peninsula, they rank among the most important producers of oil and gas in the world. This chapter examines some of the key political economy issues in the Gulf, including the role of the region’s hydrocarbon production within global oil markets, debates around the nature of state and class in the Gulf, and the Gulf’s growing political and economic influence on the wider Middle East. The possible implications of these dynamics for the Gulf’s future trajectories—and those of the wider Middle East—are surveyed.

Determinants of Corporate Risk Disclosure Practice: The Case of Islamic Banks in Gulf Cooperation Council Region

2018 ◽  
Vol 15 (1) ◽  
pp. 16-38 ◽  
Author(s):  
Samir Srairi
Keyword(s):  
United Arab Emirates ◽  
Composite Index ◽  
Gulf Cooperation Council ◽  
Risk Information ◽  
Rate Of Return ◽  
Islamic Banks ◽  
Risk Disclosure ◽  
Gulf Region ◽  
Corporate Risk ◽  
Level Of Risk

The paper develops a framework to explore the risk disclosure practices of 29 Islamic banks operating in the Gulf Cooperation Council countries over the period of 2013-2016 and examines the potential factors which might be affecting risk disclosure. To analyze the level of risk disclosure, the paper develops a composite index by using the content analysis technique. We also employ OLS technique to examine factors affecting Islamic banks’ risk disclosure. The results indicate a very high difference in risk disclosure between countries. Only two countries, the United Arab Emirates and Bahrain, have a higher level of risk disclosure. The findings also suggest that reporting on some risk disclosure types especially displaced commercial risk and rate of return risk is very low. The regression results show that Islamic banks with a stronger set of corporate governance mechanisms and an active Shariah board appear to disclose more risk information. Other factors that influence risk disclosure practices of Islamic banks are bank size, leverage, cross-border listings and the level of political and civil regression. The study recommends that Islamic banks have to revise their communication strategies and provide more risk information related to rate of return risk and display commercial risk. In addition, GCC regulators should establish risk disclosure regulations which have to become mandatory for all Islamic banks. To the best of our knowledge, the paper provides the first analysis related to the determinants of corporate risk disclosures of Islamic banks in the Arab Gulf region.

scholarly journals Factors influencing decision making for implementing e-health in light of the COVID-19 outbreak in Gulf Cooperation Council countries

2021 ◽  
Author(s):  
Fahad M Al-Anezi
Keyword(s):  
Decision Making ◽  
United Arab Emirates ◽  
Healthcare Access ◽  
Demographic Factors ◽  
Quality Of Healthcare ◽  
Healthcare Services ◽  
Gulf Cooperation Council ◽  
Factors Influencing ◽  
Electronic Health ◽  
Novel Coronavirus

Abstract Background Electronic health (e-health) approaches such as telemedicine, mobile health, virtual healthcare and electronic health records are considered to be effective in increasing access to healthcare services, reducing operational costs and improving the quality of healthcare services during the coronavirus disease 2019 (COVID-19) outbreak, a pandemic resulting from the spread of a novel coronavirus discovered in December 2019. In this context, the aim of this study was to identify the most important factors influencing decision making on the implementation of e-health in Gulf Cooperation Council (GCC) member states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), which are in the process of digitizing healthcare services. Methods This study reviewed the literature to identify the important factors influencing decision making on e-health. In addition, a questionnaire-based survey was conducted in order to identify the most important criteria to be considered in decision making on e-health. The survey link was forwarded to 978 healthcare practitioners and 42 experts (purposive sampling), from which a final sample of 892 (864 practitioners and 28 experts) was achieved, reflecting a response rate of 87.45%. Results Of the 44 factors identified under seven themes (strategic, quality, management, technology, function characteristics, economic, sociocultural and demographic factors), 22 factors were identified to be the most important criteria. Conclusions Findings from this study suggest that decision making in relation to e-health is a complex process that requires consideration of various factors. It was also found that attention should be paid to sociocultural and demographic factors, which may need to be considered in increasing healthcare access during the COVID-19 outbreak.

Hosting annual international sporting events and tourism: Formula 1, golf or tennis?

2021 ◽  
pp. 135481662110290
Author(s):  
Bala Ramasamy ◽  
Howei Wu ◽  
Matthew Yeung
Keyword(s):  
United Kingdom ◽  
Economic Impact ◽  
Sporting Events ◽  
Policy Makers ◽  
Monthly Data ◽  
Mega Events ◽  
Sports Events ◽  
The United Kingdom ◽  
Mega Sports Events

Hosting sports events to attract international tourists is a common policy practised by many host governments. Hosting mega-sports events like the Olympics is said to leave a legacy that could impact the attractiveness of a country/city in the long term. However, the opportunity to host these mega-events is limited and expensive. This study considers the economic impact of hosting annual international sporting events, specifically the extent to which Formula 1, ATP Tennis and PGA Golf can attract international tourists. Using monthly data from 1998 to 2018, we show that the effect differs from one sport to another within a country and the same sport across countries. Hosting the Formula 1 is most effective for Canada but has no significant impact in Australia and the United Kingdom. ATP Tennis and PGA Golf have a significant impact on at least two countries. Policy-makers must consider carefully the sport that gives the best bang-for-the-buck.

Geo-Thermo-Mechanical Modeling of Pre-Drilled Wellbores to Extract Geothermal Energy from Subsurface to Produce Cleaner Energy for United Arab Emirates

2021 ◽  
Author(s):  
Ubedullah Ansari ◽  
Najeeb Anjum Soomro ◽  
Farhan Ali Narejo ◽  
Shafquat Ali Baloch ◽  
Faiz Ali Talpur
Keyword(s):  
High Temperature ◽  
United Arab Emirates ◽  
Mechanical Model ◽  
Geothermal Energy ◽  
Oil And Gas ◽  
Middle Eastern ◽  
Clean Energy ◽  
Thermal Recovery ◽  
Abandoned Wells ◽  
Single Well

Abstract The middle eastern countries including United Arab Emirates (UAE) have enjoyed the energy production from hydrocarbon resource for a very long period. Indeed, now various countries in this region has shifted to alternative resources of power generation with cheaper and cleaner sources. Geothermal is the top of the list among those sources. Therefore, this study presents an ultimate model converting abandoned oil and gas wells into subsurface geothermal recovery points. Fundamentally, this study offers a geo-thermo-mechanical model of abandoned wellbore which can help in developing an optimistic geothermal energy not only from subsurface thermal reserve but also from abandoned casing and pipes installed in Wellbores. In this approach the source of heat is thermally active rock formations and the metallic pipes that are present in wellbores drilled through hot dry rocks. In the model the already drilled wells are incorporated as medium of heat flow in which water in injected and brought back to surface along with thermal impact. The results of this study revealed that, at the depth of 6000 m of high temperature wellbore the temperature is above 85°C and at this temperature the metallic casings further rise the reserve temperature thus the conversion of water into steam can be processed easily. Moreover, at high depths the stability of wellbore is also issue in high temperature formation, so mechanical model suggests that injection of water and conversion into steam in already cased wellbore can sustain up to 6 MPa stress at around 100C. Thus, the geo-thermo-mechanical model of wellbore will illustrate the possibility of converting water into steam and it will also reveal the average amount of heat that can be generated from a single well. henceforth, the thermal recovery from abandoned wells of UAE is best fit solution for clean energy. The abandoned wells are used as conduit to transport heat energy from subsurface by using water as transport medium, as water at surface temperature is injected in those wellbores and let thermal energy convert that water into steam. Later the steam is returned to surface and used as fuel in turbines or generators.

scholarly journals The Need for Uniqueness among Gulf Cooperation Council Countries’ Consumers: A Cross-Culture Study

2017 ◽  
Vol 9 (4) ◽  
pp. 29
Author(s):  
Sarah G. Alzahrani ◽  
Lauren Copeland
Keyword(s):  
National Culture ◽  
United Arab Emirates ◽  
Power Distance ◽  
Negative Relationship ◽  
Gulf Cooperation Council ◽  
Cross Culture ◽  
Online Questionnaire ◽  
Need For Uniqueness ◽  
Middle East Countries ◽  
Culture Dimensions

Understanding differences among consumers across varying cultures is of great importance to the success of international retailers. Ignoring the influence of culture and centralized marketing has led to a decline in profits for some international companies. Studying the culture of Middle East countries, particularly the Gulf Cooperation Council Countries (GCCC), Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar, and Oman, is essential before marketing in these countries. Additionally, the GCCC is one of the top 10 luxury markets in the world. Hofstede model of national culture is crucial for GCCC due to the fact culture norms regarding dress and appearance are nationally adopted. A sample of 170 participants from the GCCC was collected using an online questionnaire of 45 items measuring national culture dimensions and need for uniqueness when shopping for luxury goods. It was found that power distance in all GCCC countries was a significant predictor of having a need for uniqueness, as well as indulgence. Power distance had a positive relationship with the need for uniqueness while indulgence had a negative relationship with the need for uniqueness. For other dimensions, findings indicated that long term vs short term orientation, masculinity, uncertainty avoidance, and individualism were not significant predictors leading to uniqueness. Additionally, the important construct for uniqueness among GCCC consumers is unpopular choice followed by avoiding similarity. Creative choice is less important among the three constructs of uniqueness for GCCC participants. 

scholarly journals An empirical study of oil and gas value chain agility in the UAE

2018 ◽  
Vol 25 (9) ◽  
pp. 3541-3569 ◽  
Author(s):  
Ala Shqairat ◽  
Balan Sundarakani
Keyword(s):  
Supply Chain ◽  
United Arab Emirates ◽  
Value Chain ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Value Chains ◽  
Study Region ◽  
Content Type ◽  
Moderate Effect ◽  
The Impact

Purpose The purpose of this paper is to investigate the agility of oil and gas value chains in the United Arab Emirates (UAE) and to understand the impact of implementing supply disruption (SD) strategies, outsourcing strategies (OS) and management strategies (MS) on oil and gas value chain agility (VCA). The results can support the oil and gas industry across the UAE to build resilience in the value chain. Design/methodology/approach The research design consists of a comprehensive literature review, followed by questionnaire-based survey responses of 106 participants and comprehensive statistical analysis, thus validate the developed theoretical framework and contribute to both practical and methodological approaches. Findings The findings indicate that oil and gas value chain in the UAE has moderate a significant degree of SD, when OS in place that are synchronized with the overall MS. Among the hypotheses developed, two were accepted thus warranting both SD strategies (r=+0.432) and MS (r= +0.457) found to have a positive moderate effect on VCA. The third hypothesis was rejected by revealing OS (r=+0.387) found to have a positive moderate relationship with VCA. Therefore, implementation of all three strategies has a positive moderate effect on the agility of the value chain and, therefore, supports to sustain competitive position. Research limitations/implications Some of the limitations of this research include the geographic coverage of the study region and other methodological limitation. Practical implications The research provides guidance for oil and gas supply chain managers to better understand the critical factors that impact and determine VCA. The paper also describes relevant strategies that should be taken into consideration by these managers in order to build their agile value chains. Social implications The research contributes to the social dimensions of supply chain sustainability of how resilient is the oil and gas value chain during uncertain conditions, so that it can respond to uncertain changes in order to contribute to corporate social responsibility. Originality/value This research is the first of its kind in the UAE region to assess the link between dimensions of agile value chain, OS, SD strategies and MS primarily from the Emirates of Abu Dhabi and Dubai.

Sign in / Sign up

Export Citation Format

Share Document