Word: chairmans
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Another panelist, Saad al-Barrak, deputy chairman and group CEO of Kuwait-based mobile-phone operator Zain, argued that the greater political challenge may be internal, with Gulf countries making poor progress toward democratic reform. While the region has built key "hardware" such as roads, schools and skyscrapers, al-Barrak said it has yet to develop the "software" required to fulfil its potential - an efficient legal system, regulatory transparency and free elections. "That is what creates sustainability," said al-Barrak. "That anchors the future." He also criticized the Gulf's bloated public sector, joking that Kuwait has so many government...
Likewise, Nasser al-Shaikh, chairman of Amlak Finance, the largest publicly owned Islamic finance firm in the United Arab Emirates, spoke of the need to unlock the Gulf's human potential by improving education and training, and luring more skilled workers from overseas. The region's ambitions are vast - from the new economic cities being planned in Saudi Arabia to the huge construction projects rising up in Dubai to the renewable energy research being funded in Abu Dhabi. "But can we attract the talent to execute the projects we have in mind?" asked al-Shaikh...
...these bounteous days for energy exporters should provide a cushion for years to come. Amid this euphoria, few seem to fret about the other seemingly glaring risk to the Gulf - the possibility that property speculation in cities like Dubai might lead to a bust. Mohamed Bin Ali Alabbar, chairman of Emaar, the region's leading property developer, says Dubai still has plenty of room to grow as a services center for the Gulf and its 200 million people: "The region is expanding, Dubai is too small, and so more needs to be done." For now, at least, such bullishness reigns...
TERRY MCAULIFFE Clinton's campaign chairman, on the media's reaction "A hyped-up press over Memorial Day weekend...
...Cindy reversed a long-held pledge of her own and released the initial pages of her 2006 tax return to the public. A self-imposed ban on lobbyists has forced the departure of five of McCain's advisers, including former Representative Tom Loeffler, the campaign's national finance co-chairman, and holds the prospect that others will follow them out the door. Behind the scenes, the campaign seems to be searching for stability. In mid-May, McCain sought the counsel of former adviser Mike Murphy, who suggested, among other things, that McCain and his surrogates soften the tone of their...