Pause for thought
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