nuclearcat wroteYou want or not, but key of their success - oil. At the beginning it gave them boost and power to grab some money, sure now they are using it. But you will see, as soon as oil importancy or price going lower - their economics will go down.
Btw, it is not 10%, "The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%. ".
i'm talking about dubai specifically, not UAE as a whole. dubai is one of the emirates that have the fewest oil resources, therefore they get smaller shares of the oil money. it's abu dhabi that get the biggest share. in dubai specifically, oil money is actually less than 10% of the total income.
but anyways that's not very relevant to the subject.
nuclearcat wroteAnd even they are so successful, still their state owned internet sucks: "a 0.5mbit home connection costs around 200 AED per month (about 45 USD). The minimum internet connectivity package available for businesses at DIC is a 2mbit connection with a 6GB monthly limit for around 800 AED (180 USD). Bandwidth beyond the 6GB limit is charged at a higher pro-rata rate than the first 6GB."
from where did you get your information? at home i have a 2mbps unlimited connection and it costs me around 40$.
3.5G (HSPA, when i tested it i got around 7mpbs) is between 250-400 AED for the decent packages.
for 550 AED you get the 16mbps FTTH...
that's far from the europeen and usa prices, but for the region, it's pretty good...
nuclearcat wroteThere is universal rule - monopolist should be eliminated in ISP sector. It doesn't matter what is your skin color, mentality, history, when it comes to this business.
that's what jesus/mohammed said? it has to be accepted as a fact without arguments?
and sorry, but i'm not a big fan of "universal rules", that's very typical of dictatorships. if u want to apply something, saying that it was done somewhere else is not an argument ,it requires a case study based on the local market and the specific situation of lebanon, pros, cons, ...
anyways, i'm not against privatization, i'm just trying to say that it's not the only solution to our problems. and as of now, privatization is NOT a solution (in the current situation). corruption has to be fought FIRST. if you privatize the sector now, they'll sell it to people they are related to or to companies they own and it wont change a damn thing. it will be the same corrupt crappy system, still corrupt people managing the sector, ...
that's why you have to fight corruption 1st, and then things will get better. but privatizing while in such a corrupt country is a very bad idea coz it will be sold to the wrong people for the wrong reasons.