Sentences with phrase «oil wealth»

And I hardly need to highlight Islamic finance will be a key beneficiary & gateway to this current & future oil wealth.

We should be exploiting oil wealth and allow the sector maximum opportunity to become efficient.

«This multi-billion dollar pipeline project had a human cost: the cost was people who did not receive the share of oil wealth running under their feet; people whose rights were violated, who have lost their farmlands and livelihoods at the cost of the pipeline that carries energy, but not for them,» Effendi told the FiftyCrows Foundation for social change photography.

Why such largesse for an emirate swimming in oil wealth?

In an economic game of crack - the whip, Dubai is at the end of the line — they don't have much energy production, but they have grandiose ideas that benefit if those with oil wealth decide to spend money nearby for fun, rather than abroad.

Venezuela's once promising economy has been destroyed by successive hard - left governments, despite the nation's vast oil wealth.

It's not so much that Venezuela's socialist programs were all that bad in themselves (see Norway for a parallel case), but that spending transient oil wealth on them prevented the building of a sound economy that could continue to support them.

This is even more true once you exclude countries that have the windfall of immense oil wealth.

Chavez invested Venezuela's oil wealth into social programs including state - run food markets, cash benefits for poor families, free health clinics and education programs.

And I would rather have the oil that we do use coming increasingly from responsibly managed and regulated sources here than the ends of the Earth and countries where oil wealth benefits few and the costs of extraction are borne by many.

Revkin: «I would rather have the oil that we do use coming increasingly from responsibly managed and regulated sources here than the ends of the Earth and countries where oil wealth benefits few and the costs of extraction are borne by many» --[Keystone Pipeline protests] «miss the reality that as long as oil demand is high in U.S. and elsewhere, there will be environmental risks and often terrible social costs in farflung and loosely governed places»

The governor wants legislators to pass his deficit - reduction package, which includes reinstating the state income tax and overhauling the state's $ 50 billion so - called Permanent Fund, which pays the annual dividends every Alaskan receives, representing their share of the state's cumulative oil wealth.

That is due in part to the considerable oil wealth that characterizes countries throughout the region; although lower oil prices in the last two years have significantly impacted fiscal revenues, particularly in the larger more - oil - dependent economies such as Saudi Arabia.

While oil wealth has paid...

Muslim strategists ask their followers, Why do we find in these modern times that Allah has entrusted most of the world's oil wealth primarily to Muslim nations?

Ever since oil wealth took over the funding of PSG in 2012, many coaches have come and gone and in each case were deemed to have come short of the club's ultimate goal.

When Libya was a poor desert economy prior to 1961, central planning and streamlined infrastructural budgets were not yet necessary; however, with the influx of oil wealth post-1961, federalism needed to be abandoned when the inefficiencies it fostered impeded the rapid development of Libya that would otherwise have been possible.

For instance, in Alberta, oil wealth currently yields a $ 7 billion (Canadian) surplus annually.

That kind of money can only come from oil wealth, but Yemen has no oil reserves.

Trickle - down oil wealth and the spread of easily accessible auto financing are lifting sales, which rose by 40 percent in the first half of this year compared with the same period a year ago.

As I've detailed before, I believe EIIB offers investors a compelling triple play on frontier markets, Islamic finance, and Middle Eastern oil wealth & resources.

One country has undergone a revolution (keep in mind that oil wealth contributed to Mexico's shift *).

Terrorism dovetails with this as their black market oil wealth should be the primary focus of deflating their influence.

Writing about how Venezuela's oil wealth compared to that of other oil producing nations, Sampson writes:

The fund, which was created in the 1990s to safeguard Norway's oil wealth for future generations, has warned that the outflows will affect its ability to deal with risks.

A Texas man, once swimming in oil wealth but now reportedly fallen on hard times, has suffered the ultimate indignity — having his yacht seized by a lender.

Longer answer: OPEC was developed as a way for under - developed economies with oil wealth to fight back against the power of multinational corporations mostly from Britain and the U.S. Norway didn't have that problem, and so wasn't really concerned with the same issues of OPEC.

The decentralisation of oil wealth will also break - up governments» ownership of petrodollar wealth and lead to improved transparency, good governance and trust among the Arab people.

Proponents say the large investment in a pilot effort is important, to prove that Alberta has both the technology and geology to address the CO2 emissions that have marred the exploitation of its vast oil wealth.

«Yes» backers, including the Scottish National Party and First Minister Alex Salmond, say a Scottish nation would be able to spend more of the country's oil wealth on social welfare initiatives.

The geostrategic importance of the Middle East, with its immense oil wealth, has shaped the policies of colonial empires, secured the longevity of autocratic regimes and given rise to religious elites.

Obiang, who has ruled the African country since 1979, stands accused of diverting millions from the country's oil wealth into his own coffers, and his government has a dismal track record on human rights.

Let's put all this together: We have an attractive investment thesis — Islamic finance is one of the most direct conduits to current and future oil wealth, but it's still a relatively niche area in the Western world.

The pro-independence Scottish government says Scotland would be entitled to 90 per cent of Britain's oil wealth — based on divvying up the two countries» waters — but only liable for about 8 per cent of its 1.3 trillion pound ($ 2.1 trillion) national debt, based on its share of the U.K. population.

From the carefully groomed, designer suit - clad media wealth manager, to the tweed jacket and signet ring of the chap who dealt with the landed gentry, to the oil wealth manager's keffiyeh, the private wealth managers were carefully selected to make the best possible connection with their clients.

Beyond its oil wealth, Qatar is one of the world's top exporters of liquefied natural gas, whose price has also tumbled.

Angola formed a $ 5 billion sovereign wealth fund last year to invest the country's oil wealth.

IPOs in Saudi Arabia are usually priced at a big discount to market value, as a way to distribute the country's oil wealth to the kingdom's citizens.

The notion that Alberta's oil wealth is just sitting there, waiting to be gathered up by unskilled yobs is both widespread and wrong.

All the oil sheiks should have poured the oil wealth back onto their people, ending poverty and unemployment, etc etc. instead of buying yachts and skyscrapers.

Oil wealth has made prostitution an acceptable way for a young woman to earn university tuition.

And today it is the cultural imagination of the Islamic world» not its oil wealth or official foreign policies» that makes the region so volatile.

In contrast to his previous book (1994:4, 42 — 77), oil wealth is no longer the main consideration for the region's security.

Luanda failed to use its oil wealth to diversify its economy, and its rhetoric of state building and poverty alleviation obscured the fact that dos Santos» allies were benefiting massively from kickbacks and contracts generated by government investment.

If such forces emerge triumphant from the Arab Spring, oil wealth will continue to line the pockets of the few, rather than meet the needs of the many.

Indeed, oil wealth, so narrowly shared between the region's ruling minorities, has historically presented a barrier to democracy and left a vacuum of inequality and lost opportunities in many Arab societies.

«The Saudis and other countries in the gulf states are very important, they are the countries with great revenues and oil wealth.

Ghana has experienced mixed results since oil production began a few years ago, but again, most Africans do not benefit from their country's oil wealth.

Some supported the proposal on equity and fairness grounds, since elites were already perceived to benefit disproportionately from the state's resources, through special - interest appropriations of oil wealth, and because it would bring a huge benefit to low - income Alaskans and those living at a subsistence level.