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The New Post-Oil Arab Gulf
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22 November 2011

The sharp increase in oil revenues since 2002 has left the Arab Gulf States with billions of petro-dollars. But how will these countries fare in the post-oil era? The rulers of these states are taking serious measures to ensure the survival of their economies, and indeed their regimes, in a world with scarce mineral resources.
This book explores the extent to which these countries have been and will be able to prepare for the future by transforming themselves into serious international destinations for tourism, finance, healthcare, and education. It also considers the implications of failure for the future survival of their regimes.
Topics covered include sovereign funds, Islamic finance, new technologies, higher education, and the role of women.
A timely study into this vibrant and important region, this book will provide food for thought for academics, policy makers, and general readers.
Nabil Sultan is a senior lecturer at the Liverpool Hope University.
David Weir is a professor at Liverpool Hope University.
Zeinab Karake-Shalhoub is director of research at the Dubai International Financial Centre in the United Arab Emirates.
David Weir: David Weir is a Professor of Intercultural Management at Liverpool Hope University.
Zeinab Karake-Shalhoub: Zeinab Karake-Shalhoub is Director of Research at the Dubai International Financial Centre in the United Arab Emirates.
Acknowledgement 3
Introduction 4
Dr. Nabil A. Sultan
Building the Foundation for a Post-Oil Era: The Case of the GCC Countries 10
Nabil Sultan
Beverly Dawn Metcalfe
David Weir
GCC Sovereign Wealth Funds and Islamic Finance: Financial Foundations for the Post-Oil Gulf? 39
Zeinab Karake-Shalhoub
The GCC Countries as Knowledge-Based Economies: Future Aspirations and Challenges 66
David Weir
Nabil Sultan
Beverly Dawn Metcalfe
Sameer Abuznaid
Higher Education in the Gulf States: From Traditional to Modern 90
Christopher M. Davidson
A ‘Smart’ Technology-Enhanced Learning for the Post-Oil Arab Gulf 109
Alain Senteni
Rana Tamim
Bryn Holmes
Paul Michael Gledhill
The Role of Women in a Post-Oil Arab Gulf Future 136
Beverly Dawn Metcalfe
Nabil Sultan
David Weir
Notes on Contributors 168
Bibliography 172
Index 190