Doha, Qatar (CNN) – Doha, off the back of its hydrocarbon wealth, is booming.
Dozens of landmark projects are feeding the construction industry and the Emir of Qatar, HH Sheikh Hamad, is determined to manage the country’s growth and create a sustainable long term plan.
He is investing in education, innovation and culture under the umbrella of his government’s cultural arm, The Qatar Foundation.
In this episode of Future Cities, CNN's Richard Quest explores Education City, a collection of eight international universities which is at the core of Qatar’s plans to become a seat of learning in the Middle East.
London (CNN) – I could not help but think of the Titanic when I first heard of the Costa Concordia. But there is no comparison beyond the anniversary year.
Actually, maybe there is another similarity. The sinking of the Titanic did not stop the cruise industry and this one won’t either.
But the industry will have to remind people what William Gibbons, director of the Passenger Shipping Association, told me: “We have to reassure everybody that now is a good time to book a cruise and that it is a very safe and secure holiday.”
Dhahran, Saudi Arabia (CNN) – With 260 billion barrels of oil, Saudi Arabia has more than double the proven reserves of Iran, its nearest competitor within OPEC.
In an interview in Dhahran, in the Kingdom’s Eastern Provence, the veteran energy minister Ali Al Naimi said the country is ready step back in as the swing oil producer if sanctions undermine Iran’s exports of 2.2 million barrels a day.
“We have the capacity to produce 12.5 (million barrels a day) and we are idling now between 9.4 and 9.8. So we have substantial spare capacity,” he said.
(CNN) – India is Asia’s third largest economy, the world’s tenth largest by nominal GDP and is dubbed as the world’s largest democracy. So why does India still skulk in the shadows of the world’s other rising superpower China? One reason could be that India is hamstrung by its bureaucracy.
As the Economic Times stated, India needs to reform its bureaucracy and curb widespread corruption so it can fix its global image and achieve economic growth.
A recent report from the Hong Kong based Political and Economic Risk Consultancy Ltd ranked India the lowest on a bureaucracy rating in Asia. The report shows that the country runs an inefficient bureaucracy because of corruption and inadequate infrastructure. Business executives complain about how top officials are willing to accept under-the-table payments and how in turn, companies are tempted to make such payments in order to overcome bureaucratic inertia and gain government favors, the report says.
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