Quotes of the month

“People spend a lot of time managing the present and very little time managing the future… You really need to spend time to think about the future”

Abdul Aziz Al Ghurair, head of Dubai’s Mashreq Bank, argues that track record is no excuse for complacency

“Everyone got into the game of copying Dubai and that is a huge mistake”

Ali Al Shihabi, founder of the think tank Arabia Foundation, says that no non-oil, globally competitive business model has developed anywhere in the Gulf

“When oil prices are high, diversification goes off the agenda.