Wealth creation and job opportunities may be far from the minds of academics embarking on research, but scientific experiments can produce unexpected economic benefits. This was certainly the case in 1982, when a Saudi science project on prawns spawned a firm that now occupies 250 sq km and employs 2500 people. Thirty years after it was...
Home to an estimated 15.9% of the world’s proven oil reserves, Saudi Arabia is the single largest economy in the Middle East and North Africa. According to the Ministry of Finance, real GDP grew by 3.8% to $746bn in 2013. While oil income is expected to continue to account for the majority of government revenues for the foreseeable future, the non-oil sector has expanded significantly in recent decades growing 9.3% in 2013.
Though it enjoys a regional reputation for its quality, the Colombian health care system has experienced significant difficulties in recent years. While seeing advances in coverage in the past two decades, and inching closer toward attaining universal coverage, escalating costs from increased coverage and an ever-expanding mandatory health...
The only monarchy in North Africa, Morocco has one of the more diversified GDP mixes in the region, and the mainstays of the economy include agriculture, tourism, and the textiles industry; higher-end manufacturing, IT and communications, and outsourcing are also all becoming increasingly important. The past few years have seen some significant changes, yet the kingdom has remained stable, even amidst the broader regional turmoil.
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