Pause for thought

Middle East Business (English) - - NEWS -

As the eter­nal sands of the deserts shift, the vista changes shape with every pass­ing hour. One could say that this is ex­actly what is hap­pen­ing in the world right now. With fi­nan­cial mar­kets in reg­u­lar tur­moil, racist at­tacks, ter­ror­ism, po­ten­tial nu­clear con­flict and po­lit­i­cal in­sta­bil­ity across the globe, cer­tain sec­tors are be­ing chal­lenged more than ever be­fore. One of these is the tourism sec­tor - a ma­jor global em­ployer - so we turn our gaze at how our re­gion's tourist-based busi­nesses can 'surf' these ever shift­ing sands.

An is­sue we reg­u­larly ex­plore is the en­vi­ron­ment. With the US pulling out of the Paris Agree­ment, our world seems ever more frag­ile - even if China has sug­gested it will now take over the lead on cut­ting emis­sions. Ear­lier this sum­mer, Volvo, a Chi­nese- owned car pro­ducer, an­nounced that from 2019 it will only make three types of cars: pure- elec­tric, plug- in hy­brids, and so-called “mild” hy­brids com­bin­ing a small petrol en­gine with a large bat­tery. Per­haps this will be a wel­come rev­o­lu­tion for one of the world's most pop­u­lous coun­tries - es­pe­cially for those suf­fer­ing from re­s­pi­ra­tory dis­eases?

As oil prices tum­ble, the ac­cel­er­at­ing shift in the re­gion’s econ­omy away from oil and to­wards other in­dus­tries, gains pace. How in­vestors choose to spend their money will have an ef­fect on the suc­cess of re­new­ables and is part of the growth in re­spon­si­ble fi­nance and in­vest­ment we are wit­ness­ing in our re­gion.

At the con­clu­sion of yet an­other year for this mag­a­zine, we send good health and pros­per­ity to all of our read­ers, ad­ver­tis­ers and con­trib­u­tors, and look for­ward to a peace­ful con­clu­sion to what has been a most tur­bu­lent year.

Your com­ments and sug­ges­tions are al­ways wel­come, so please do not be shy in send­ing them to me at: ceo@Mid­dleEast-Busi­ness.com

Amal Daragh­meh Masri Ed­i­tor in Chief & Founder

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