Abu Dhabi: refining its assets

Article Abstract:

Abu Dhabi, part of the United Arab Emirates, has set up a tourism promotion and marketing board to promote itself. Though Abu Dhabi is an oil rich nation, its dependence on oil has been reduced to 30% of GDP in 1997, from 43% of GDP in 1985. Abu Dhabi's economic policy is predicated upon increasing privatisation to redistribute wealth, developing tourism and creating tax-free areas. The United Kingdom is criticised for its complacency in the past, but Abu Dhabi is willing to work with the Japanese, German and French, unless the UK companies are prepared to commit themselves. The Abu Dhabi government is concentrating on domestic businesses.

Lodging & Tourist Services, Accommodation, HOTELS AND OTHER LODGING PLACES, Marketing Management, Marketing, Travel industry, Political aspects, Privatization, Privatization (Business), Diversification in industry, Industrial diversification, Abu Dhabi, United Arab Emirates (Emirate)

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Lebanon: constructive criticism

Article Abstract:

The majority of major contracts in Lebanon will go to French and Italian companies according to Lebanese ministers, with few UK companies taking advantage of the counry's improved economic and political climate. A Lebanese businessman believes that British bids are overpriced, whereas French and Italian bids are competitive. However Trafalgar House fought off international competition in its bid to win the contract for a sports stadium in Beirut. The UK government refuses to provide soft loans and contractors have to rely on export credit guarantee department cover and the overseas project fund.

United Kingdom, Foreign operations, Economic policy, Corporations, Lebanon, Corporations, British

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Hungary at the crossroads

Article Abstract:

Hungary appears to be prospering since it changed to a Capitalist economy because the shops are full of goods and small businesses are trading well. However, beneath the surface, there has been an increase in robberies and muggings, corruption is evident, wage demands are rising and the health and welfare systems need reformed. The wealth in Budapest is not shared by the whole of Hungary. Small European companies have not flooded into eastern Europe because of doubts about business practices and the effect of a strong pound. Western banks are confident that Hungary's economy is now stable.

Intnl Affairs & Finance, National Security and International Affairs, Hungary, Capitalism

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