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“Many of the major companies in the Gulf continue to be government-owned despite a few successful privatization initiatives. Governments would do well to open more of their prized assets to private capital in order to benefit from enhanced accountability and efficiency that comes with private sector involvement.”

Fawzi Jumean, MBA ’05, executive vice president for the lower Gulf region at Amwal AlKhaleej, a Middle East and North Africa private-equity firm, writing Sept. 6, 2009, in the UAE National

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