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Essay / Oil rent and regional economic development in the Mena region
The economic rent of a natural resource is equal to the value of the flows of capital services provided by the natural resources. The main resource rent in the MENA region lies in oil and gas. The rental and real estate market of most MENA countries is very poor, except UAE, Qatar and Saudi Arabia, as these countries have good rental sources from real estate development. The MENA region of the Middle East and North Africa has always been an attractive business sector for speculation and business openings. Despite vacillating between potential and testing since 2011, the region's economic outlook remains positive despite the obstacles hindering growth. These obstacles include falling oil prices, political and security issues and the shutdown of the Chinese economy which has further affected foreign exchange flows to a lesser extent. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get the original essay Growth in the MENA region is forecast at around 3.8 percent for 2016, higher than the 2.3 percent forecast for 2015 despite the fact that the region is currently exploring difficult waters and countries have once again benefited in one way or another from the drop in oil prices. Growth is expected to strengthen somewhat, from 3.8 percent in 2015 to 4 percent in 2016. Nonetheless, some countries at the meeting continue to ponder difficult issues, including the spillover of the war in Syria, the high rate of unemployment and the need to improve the general atmosphere of the company. Banks and monetary establishments in the region continue to grow despite the challenges of the immense limited interest in monetary administrations and intermediation in the region. In these particular circumstances, Banque Med continues to recognize incredible potential in the region. In fact, the development methodology of banks has always been based on selectivity and reasonableness. Thus, it has expanded its activities to countries characterized by their solid growth potential, their political strength and their large economic structure. Supported by a special risk-adjusted approach and broad involvement in account management, Bank Med has expanded the scope of its tasks in the region and even beyond with the aim of expanding its revenue stream and its chances of fixation. Now, despite a long-standing proximity to Europe through a fully owned private money holding subsidiary in Switzerland, Bank Suisse and a branch in Cyprus, Bank Med has expanded its footprint in Saudi Arabia, Turkey, Iraq and more recently in Dubai's international financial hub, DIFC, as the leading bank in the MENA region to operate under a Category 1 license. Turkey: a highly developed economy with an imperative geostrategic position and an inexorably key role as as regional focal point between MENA Europe and focal Asia, despite its stable and improved business situation. The economy of Türkiye is undoubtedly the appropriate framework for the expansion of banking medicines through the subsidiary banks of Turkland Bank T-Bank. Gross domestic product growth is estimated at around three percent for 2015, as the recovery in the EU and the deterioration of the Turkish lira support the modern and tariff movement. The current record deficit fell to 4.6 percent of GDP in 2015, from 5.8 percent in 2014. Turkey's growth figure was downplayed for 2016 to 3.5 percent,but in the short to medium term, the recovery of Turkey's economy is exceptionally subject to the execution of ancillary changes that help stimulate economic growth. Furthermore, the establishment of an ongoing government will likely send signs of assurance and support to the Turkish economy, which will contribute to the security of speculators and consumers. Gradually, geopolitical dangers arising from regional unrest and furthermore, helplessness against external shocks due to the current ever-expanding record deficiencies present difficulties for the economy. In this way, the Turkish economy remains powerless in the face of an evolution of the American monetary approach and a shift in design towards developing markets. The economic movement produced by companies such as travel agencies, lodging carriers and other passenger transportation administrations overall contributes to the GDP growth of turkeys. Over the past decade, Turkey's reputation has grown primarily as the country has become a major global tourist center. In the medium term, GDP is expected to grow by 4.1 percent per year by 2025, demonstrating that the tourism sector is a pillar of the general economy. Turkey's economy is strongly supported by its healthy monetary zone which ended up being strong in the face of the global monetary emergency of 2008 and, even more so, the Eurozone emergency in recent times. The management of an account overwhelms the Turkish budgetary part which represents 60 percent of all monetary administrations. The region posted an intensified annual growth rate of 19 percent over the period 2008-2014. Part-account turkeys continued to post solid growth in 2015 with a key spotlight on the SME segment. Advances to SMEs reached their highest annual growth of 37 percent in 2013. They had fallen to 22 percent by June 2015, but they nevertheless far exceeded the annual growth of loans to individuals of 13 percent just before around the same period. Accessible resources have seen an upward trend, with the proportion increasing from 56 percent in 2011 to 63.7 percent in June 2015. Accessible assets – including normal physical capital and HR and innovation – are important because they shape the potential outcomes of creation and the idea of contracting and motivating the forces necessary to achieve effectiveness. In reflections on political economy, the nature of accessible assets is regularly taken into consideration at the same time as normal assets assume a remarkable role in the economy. This perspective is obviously particularly critical for MENA countries that are oil-rich and also for others that are implicitly influenced by their trade with oil-exporting countries. But this often dominates to the extent that human resources are also essential because they help to bring together different assets and make them beneficial by applying innovation. Additionally, human capital can encourage distinctive evidence of growth problems and the development and execution of effective responses to these problems. Most MENA countries face human capital shortages in various territories. Although there have been significant efforts to expand training in the region, achievements have been uneven in part because organizing circles themselves often fall short of the capacity needed to define and implement approaches. winners. The main qualities of assets that need to be perceived and inspected to understand growth are those that decide the amount of lease and..