Monday , September 24 2018

The approaching anger – ‘Bad times ahead’

Ahmad Al-Sarraf
It is said the major airline companies in the region are facing significant financial and administrative difficulties and very soon will be forced to lay off a large number of employees. It is said the ratio is close to 25 percent. It has also been reported that the ‘Emirates’ has already granted a number of ground personnel unpaid leave, some up to three months. The chairman of the airline has already predicted 2017 as difficult year.

On the other hand, the Abu Dhabi National Oil Company has dispensed thousands of employees and the same has been done by the Qatari oil company. Major banks in the region also plan to lay off a number of employees.

A report issued by the Al-Shall quoting the Arab Human Development Report said a report published by the United Nations on Nov 29, 2016 and published by British newspaper, The Economist, said the Arabs are the next bomb, although the Arabs constitute just five percent of the world’s population, but they are responsible for 45 percent of the terrorist operations, and 68 percent of deaths caused by wars come from them.

The Arab youth base is broader, since a number of them are aged between 15 and 29 years and they make about 105 million young men, with an unemployment rate of around 30 percent, double the unemployment rate in the world which is 14 percent, not to mention the growing poverty line and marginalization which is on the rise.

The UN report is not political, it is also somewhat conservative since it excludes 25 percent of the Arabs from that fate until 2020, but these figures are in fact vulnerable, especially if ratified reports about the loss of oil in the energy market starting from 2020 are proven true.

The Al-Shall said to prevent what has been predicted, every Arab country must make serious individual and collective efforts and bring about fundamental changes in the obsessive approach adopted by the leaders of all these countries, and put faith in the mechanisms for a peaceful change.

As the collective Arab work is almost impossible, therefore, every Arab country must begin proactive policies to avoid that fate, which means each country should follow a new approach in management, approach that includes compromises and sacrifices to get rid of the concept of acquisition, and reduce the state to a few people.

Kuwait is on the verge of starting a new management, more importantly, executive management, in other words, the Council of Ministers. It is almost certain that the minimum change in the approach to acquisition shall not be realized although change is seen in the formation of the Cabinet.

The issue again is not political, but it is about sustainable economy. The Council of Ministers that is formed under a quota system is unable to market any financial and economic reform policies, because the continuation of reform and economic policies are not guaranteed.

All that the government will do is try to buy some time and that is the sole positive element, that is to say the period of sale of oil, or liquefaction or the financial reserves using it as a guarantee to borrow money.

This will gradually accumulate unemployment of some 400,000 young Kuwaitis who will enter the labor market over the next 15 years. However, these will be like planting ticking bombs, at most delaying it for some time until their number swells.

Note: On my way to the departure terminal building of our airport I noticed the re-asphalting of the road which was in a very bad shape, and the gravel is expected to fly soon. Will someone have mercy on us from outside the airport after we lost it from the inside?


By Ahmad Al-Sarraf

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