Category Archives: Government

Your health depends on a balanced healthcare playing field

It is my opinion that one of the greatest moves to support free market capitalism in the UAE is the cancellation for Abu Dhabi Thiqa insurance beneficiaries of the 20% co-pay for treatment at private healthcare facilities.  The 20% co-pay was introduced in June 2016 and at that time there was discussion on the effect…

Venture capital as a substitute for oil in driving economic growth

Venture capital is critical to the future success of not only the UAE but also the GCC. To understand this we first need to understand the historic formula for our success – oil leads to financial capital, which leads to real estate development, which creates social and business communities that attract people. Repeat. Even if…

Venture Capital Lessons from India, Lebanon and Ireland

In a recent article I pointed out the failure points in the UAE’s venture capital ecosystem, in particular the lack of support for entrepreneurs and start-ups. In this article I’d like to review some of the initiatives other countries have launched that could be useful in upgrading our ecosystem. Given the recent visit to India of Sheikh…

GREs versus the Private Sector in the UAE

Every once in a while I decide to torture myself and rummage through the IMF’s databases looking for interesting research and analysis. When I found a Selected Issues UAE Country Report by the IMF, I thought I’d try my luck. The report, published this month, begins by looking at government-related entities (GREs), which is anything…

Time Abu Dhabi was more active over investments

When you come right down to it, the emirate of Abu Dhabi can be characterised from an economic point of view by three things – not enough local human capital, massive natural resources (read oil) and massive financial resources (read sovereign wealth funds). These are the three main economic assets that need to be considered…

UAE VAT Positive for the Economy

The announcement of the planned introduction of a federal value-added tax (VAT) and a corporate tax in the UAE has stimulated a lot of discussion on what this means for the country and its residents. I have a slightly different view to the current mainstream opinions, and would like to share it. The overall premise of…