Tag 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…

The Ministry of Silly Walks to battle Trump, the TRA and the UAE banks and free zones.

The election of Donald Trump as the next president of the US has caused a ripple or two in world political and economic markets. As I discussed about Brexit, such knee-jerk responses create opportunities. For example, Mr Trump’s promise to ban all Muslims from America would, one might think, cause stock prices in the travel…

The GCC’s Pension Funding Challenges and Silver Linings

The effect of demographics on the economy has been one of increasing concern for countries with ageing populations. The poster child for this issue is Japan although an increasing number of countries in the Western Hemisphere are beginning to take notice as well. The main issue is that declining population growth rates and in some…

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…

State-owned enterprises can learn from family businesses

State-owned enterprises (SOEs) are controlled subsidiaries of a government which undertake commercial activities. SOEs are globally common and are involved in a wide variety of activities such as mail services, telecommunications, airlines, airports, railroads, natural resources, broadcasting and healthcare. Sometimes it is easy to forget that SOEs form an important component of the economy. Just…