Sunday, May 27, 2007

QATAR; MORE FREE MARKETS FOR ARABS

After domination by the Ottoman and British empires for centuries, Qatar became an independent state on September 3, 1971.

Although the peninsular land mass that makes up Qatar has sustained humans for thousands of years, for the bulk of its history the arid climate fostered only short-term settlements by nomadic tribes. Clans such as the Al Khalifa and the Al Saud (which would later ascend thrones of Bahrain and Saudi Arabia respectively) swept through the Arabian peninsula and camped on the coasts within small fishing and pearling villages.

The British initially sought out Qatar and the Persian Gulf as an intermediary vantage point en route to their colonial interests in India, although the discovery of oil and other hydrocarbons in the early twentieth century would re-invigorate their interest. During the nineteenth century, the time of Britain’s formative ventures into the region, the Al Khalifa clan reigned over the Northern Qatari peninsula from the nearby island of Bahrain to the west.

Although Qatar had the legal status of a dependency, resentment festered against the Bahraini Al Khalifas along the eastern seaboard of the Qatari peninsula. In 1867, the Al Khalifas launched a successful effort to quash the Qatari rebels sending a massive naval force to Wakrah. However, the Bahraini aggression was in violation on the 1820 Anglo-Bahraini Treaty. The diplomatic response of the British to this violation set into motion the political forces that would eventuate in the founding of the state of Qatar. In addition to censuring Bahrain for its breach of agreement, the British Protectorate (per Colonel Lewis Pelly) asked to negotiate with a representative from Qatar. The request carried with it a tacit recognition of Qatar’s status as distinct from Bahrain. The Qataris chose as their negotiator the respected entrepreneur and long-time resident of Doha, Muhammed bin Thani. His clan, the Al Thanis, had taken relatively little part in Persian Gulf politics, but the diplomatic foray ensured their participation in the movement towards independence and their dominion as the future ruling family, a dynasty that continues to this day. The results of the negotiations left Qatar with a new-found sense of political selfhood, although it did not gain official standing as a British protectorate until 1916.

The reach of the British Empire diminished after the Second World War, especially following Indian independence in 1947. Pressure for a British withdrawal from the Arab emirates in the Persian Gulf increased during the 1950s, and the British welcomed Kuwait's declaration of independence in 1961. When Britain officially announced in 1968 that it would disengage politically, though not economically, from the Persian Gulf in three years' time, Qatar joined Bahrain and seven other Trucial States in a federation. Regional disputes however, quickly compelled Qatar to resign and declare independence from the coalition that would evolve into the seven-imarat United Arab Emirates. In 1971, Qatar became an independent sovereign state.

Since 1995, Emir Hamad bin Khalifa Al Thani has ruled Qatar, seizing control of the country from his father Khalifa bin Hamad Al Thani while the latter vacationed in Switzerland. Under Emir Hamad, Qatar has experienced a notable amount of sociopolitical liberalization, including the enfranchisement of women, a new constitution, and the launch of Al Jazeera, the controversial Arabic language satellite television news channel. Qatar ranks as the eleventh richest country in the world per capita [2].

Qatar served as the headquarters and one of the main launching sites of the US invasion of Iraq [3] in 2003.

In 2005, a suicide-bombing killed a British teacher at the Doha Players Theatre, shocking a country that had not previously experienced acts of terrorism. It is not clear if the bombing was committed by an organized terrorist group, and although the investigation is ongoing there are indications that the attack was the work of an individual, not a group.[citation needed]

[edit] Administrative divisions

Main article: Municipalities of Qatar

Qatar is divided into ten municipalities (Arabic: baladiyah), also occasionally translated as governorates or provinces:

1. Ad Dawhah
2. Al Ghuwariyah
3. Al Jumaliyah
4. Al Khawr
5. Al Wakrah
6. Ar Rayyan
7. Jariyan al Batnah
8. Ash Shamal
9. Umm Salal
10. Mesaieed
11. Old Airport


Economy of Qatar

Before the discovery of oil the economy of the Qatari region focused on fishing and pearling. After the introduction of the Japanese cultured pearl onto the world market in the 1920s and 1930s, Qatar's pearling industry faltered. However, the discovery of oil reserves, beginning in the 1940s, completely transformed the nation's economy. Now the country has a high standard of living, with many social services offered to its citizens and all the amenities of any modern nation.

Qatar's national income primarily derives from oil and natural gas exports. The country has oil estimated at 15 billion barrels (2.4 km³), while gas reserves in the giant north field (South Pars for Iran) which straddles the border with Iran and are almost as large as the peninsula itself are estimated to be between 800-900tcf (Trillion Cubic Feet - 1tcf is equal to around 80 million barrels of oil equivalent). Qataris' wealth and standard of living compare well with those of Western European nations; Qatar has the highest GDP per capita in the Middle East.[dubious — see talk page] With no income tax, Qatar is also one of the two least-taxed sovereign states in the world.

While oil and gas will probably remain the backbone of Qatar's economy for some time to come, the country seeks to stimulate the private sector and develop a "knowledge economy". In 2004, it established the Qatar Science & Technology Park to attract and serve technology-based companies and entrepreneurs, from overseas and within Qatar. Qatar also established "education city" which consists of international colleges. For the 15th Asian Games in Doha, it established a "sports city"
The Aspire Tower, built for the Asian Games, is visible across Doha.
The Aspire Tower, built for the Asian Games, is visible across Doha.

consisting of Khalifa stadium, the Aspire Sports Academy, aquatic centres, exhibition centres and many other sports related buildings and centres. Qatar also plans to build an "entertainment city" in the future.

Qatar is aiming to become a role model for economic and social transformation in the region. Large scale investment in all social and economic sectors will also lead to the development of a strong financial market.

The Qatar Financial Centre (QFC) provides financial institutions with a world class financial services platform situated in an economy founded on the development of its hydrocarbons resources. It has been created with a long term perspective to support the development of Qatar and the wider region, develop local and regional markets, and strengthen the links between the energy based economies and global financial markets.

Apart from Qatar itself, which needs to raise the capacity of its financial services to support more than $130 billion worth of projects, the QFC also provides a conduit for financial services providers to access nearly $1 trillion of investment across the GCC as a whole over the next decade.

The largest project ever in Qatar, the new town of Lusail, is under construction.

Geography of Qatar

The Qatari peninsula juts 100 miles (160 km) into the Persian Gulf from Saudi Arabia and is slightly smaller than Connecticut. Much of the country consists of a low, barren plain, covered with sand. To the southeast lies the spectacular Khor al Adaid ("Inland Sea"), an area of rolling sand dunes surrounding an inlet of the Gulf.

The highest point in Qatar occurs in the Jebel Dukhan to the west, a range of low limestone outcrops running north-south from Zikrit through Umm Bab to the southern border, and reaching about 295 feet (90 m) ASL. This area also contains Qatar's main onshore oil deposits, while the natural gas fields lie offshore, to the northwest of the peninsula.

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