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Name
Nationality
Email;
: Mohamed Nagy Eltony
: Canadian
[email protected]
ACADEMIC QUALIFICATIONS
Post-Doctor Fellowship, Faculty of Commerce & Business Administration,
University of British Columbia (UBC), Vancouver, Canada, Conducted
research on the field of Transport & Energy Economics, 1990-1991.
Doctor of Philosophy, University of Surrey, Guildford, UK. (Commonwealth
Exchange Student Scholarship) Thesis title: “A Model for Gasoline Demand in
Canada“, 1987–1990.
Master of Arts, University of Alberta, Edmonton, Canada. Course work
covered the fields: Econometrics, Energy & Natural Resources, Economics of
Development, Monetary Economics and Public Finance, 1978-1980.
Bachelor of Arts, College of Commerce, Economics & Political Science,
University of Kuwait, Statistics (Major) and Economics (Minor), 1972-1976.
(Placed on the Dean’s Honour list)
FIELDS OF SPECIALISATION
Applied Economic Theory (Micro/Macro Economics)
Energy and Natural Resources & Industrial Economics
Money and Banking (Monetary Policy – Public Finance)
Econometrics (Modelling & Quantitative Methods)
Economics of Development and Growth
International Trade & World Trade Organization (WTO).
PROFESSIONAL EXPERIENCE
Professor of Economics: Department of Finance & Economics, College of
Business & Economics, Qatar University, Doha, Sept. 2012 – Present
Teaching courses in Micro-Economics, Business Statistics, Money & Banking,
Development Economics, International Trade & Finance (MBA). Consultant to
Qatar Petroleum in research on Modelling domestic energy demand in Qatar.
Served as member in the college research & academic committees and member
on committee for the establishment of Qatar Entrepreneur Centre, Supervising
several students’ MBA thesis and referred academic journals. Also, Technical
Expert wih United Nations - Economic Commission of Western Asia (UN-
ESCWA)on Project: Strengthening Statistical Capacity of Arab Countries in
Producing Energy Statistics on Energy Use by Transport Sector using field
Surveys for pilot Studies on: Palestine, Jordan and Egypt.
Director of Economic Studies & Policy Analysis Department; Gulf
Organization for Industrial Consulting, Qatar, Sept. 2011- Aug. Sept. 2012.
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Preparing in-depth research studies relating to enhancing economic
integration among GCC countries especially in the areas of
manufacturing industries, the impacts of industrial policies and
Economic Free Zones, and industrial incentives and subsidies and the
Evaluation of GCC non-oil manufacturing Exports Strategy.
Leading and supervising staff in the preparation of monthly, quarterly
and annual reports on various aspects of industrial development in GCC
countries including recent trends in oil prices and in international trade
negotiations (WTO) and their impact on the GCC industrial sector.
Conducting training programs on the performance of the GCC
Macroeconomics indicators and their impact on industrial sector, i.e.,
GDP growth, oil & gas revenues, expenditures, non-oil sectors,
monetary/ fiscal policies, capital market and foreign trade and their
impact on industrial sector.
Senior Research Director: Canadian Energy Research Institute (CERI),
Calgary, Alberta – Oct. 2010 – August 2011
- Leading and conducting research projects on:
. Road Transportation Demand Model for Canada
. The Aviation Fuel Demand in Canada by Commercial Air lines.
. East-West Electricity Grid – Economic Feasibility of Connecting
North America Electricity Network.
- Monitoring and analyzing trends in Oil & Gas world markets and
participating in the preparation of CERI monthly Commodity Reports on
Oil & Gas highlighting major events and their likely impacts on the oil
& gas industry and the energy sector of Alberta and Canada.
- Participating in CERI’s annual international conference (Oil, Natural
Gas and Petrochemical).
Professor: Department of Economics & Finance, Collage of Business
Administration, Gulf University for Science and Technology, Kuwait
September 2008- August 2010
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- Taught Micro/Macro-economics, Business Statistics I & II (also for 1st
year MBA), Economics of Development, GCC Economies and Money
& Banking and Natural Resources Economics.
- Secondment: Economic Expert, at the supreme Planning Council of
the State of Kuwait (Economic Committee) and Economics Dept.
Industrial Bank of Kuwait: Evaluating Industrial Sector’s Subsidies&
incentives.
Economic Advisor: Economics Department; Industrial Bank of Kuwait,
January 2005 – August 2008
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Leading and supervising staff in the preparation of monthly, quarterly
and annual reports on Macroeconomics and financial developments in
the USA, Japan, Euro-Zone, UK, China and India, including recent
trends in oil prices and in international trade negotiations (WTO).
Preparing quarterly reports on the performance of the Kuwaiti
Macroeconomics, i.e., GDP growth, oil revenues, expenditures, non-oil
sectors, monetary/ fiscal policies, capital market and foreign trade.
Preparing occasional in-depth research relating to the prospects of nonoil manufacturing industries in Kuwait and the GCC countries,
monetary/ fiscal policies effectiveness, the impacts of industrial policies
on the non-oil industrial Sector, and an evaluation of Kuwait’s industrial
incentives and subsidies program.
Preparing country profile & risk assessment reports on countries of
interest to the direct investment division of the bank.
Preparing and updating country exposure limits as the bank’s maximum
country exposure limits are reviewed and adjusted quarterly.
Secondments: Taught Microeconomics and Business Statistics at Gulf
University of Science and Technology (GUST) 2002-2008; Economic
Expert at the supreme Planning Council of the State of Kuwait
(Economic Committee); taught Economics and Quantitative Methods
modules of CFA,CIA & CMA.
Economic Expert: The Arab Planning Institute – Kuwait
January 1999 – December 2004
 Teaching / Training Programs: Modern Monetary Policy Instruments;
Financial Sector Performance and Efficiency; Credit Ratings and Basel 1, 2
& 3; Financial Sector Reforms and economic Development in the Arab
World; The Role of Capital Flows and Foreign Direct Investment in Arab
Countries, Economic Development Indicators; WTO: Negotiations and
Impacts; Trade Performance Indicators & Analysis; Foreign Trade sector
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Reform Program & Economic Growth; Tax Reform in Arab Countries;
Economic Development and The Role of Small & Medium Enterprises;
Multivariate Methods of Data Analysis, Economic Modeling and
Econometrics; Quantitative Methods for Forecasting Economics &
Financial Trends (Countries Coverage: Lebanon, Kuwait, Syria, UAE,
Jordan, Egypt, Tunisia, Yemen, Oman, Saudi Arabia and Qatar).
 Workshops & Conferences Coordinator:
- The Role of Institutional Reform in Economic Development
Performance with Special Reference to Arab Countries;
- Experts Meetings on Economic Diversification in the Arab
World (Joint with UN-ESCWA, Beirut, Lebanon);
- The Impact of the European-Mediterranean Partnership
Agreements on the Arab Free Trade Zone;
- Tax Reform in the Developing Countries with Special
Reference to Arab Countries.
 Administrative: Chaired Research and Consulting Committees.
 Secondment: Consultant to United Nations Development Program (UNDP)
in the preparations of Arab Human Development Report and Arab Economic
Development Support Organizations Report for 2003-2005 periods.
 Sessional Lecturer at GUST - taught Micro & Macro-economics; taught
Economics and Quantitative Methods modules of CPA, CMA and CFA.
Research Scientist: Techno-Economics Division, Kuwait Institute for
Scientific Research (KISR), September 1995 - December 1998.
Project Leader:
1- Energy Demand in Kuwait: A model for Forecasting and Planning.
2- Future of Economic Development in Kuwait in the Light of Budgetary Imbalances.
3- An Assessment of Industrial Incentives and Subsidies Policies in Kuwait.
4- An Economic Assessment of Seawater, Municipal Wastewater Desalination by
Reverse Osmosis in Kuwait and An Economic Assessment of Wastewater Pretreatment by Micro filtration by Reverse Osmosis in Kuwait.
Task Leader: Kuwait Macro-econometric Model – The Data Bank; Labour
Market Reform in Kuwait; Estimating Private Investment Patterns in Kuwait;
Estimating the Elasticity of Substitution for between Non-Oil Domestic Goods
and Non-oil Imports in Kuwait.
PUBLICATIONS
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1- Research Papers Published in Internationally Refereed Journals
“Small & Intermediate Enterprises In GCC: An Analysis of Current
Conditions”, Omran, Vol. 3, No.9, summer 2014, pp. 99-118.
“Transport Sector Demand for Energy in Kuwait Revisited” , The Journal of
Energy & Development, Vol. 38, No. 1, Fall 2013.
“Kuwait Energy Demand Model for Forecasting and Planning”, The Journal of
Energy & Development, Vol. 36, No. 2, Spring 2012.
“Banking and Financial Sector Development: A Case Study of Kuwait”, the
Journal of Energy & Development, Vol. 36, No. 1, spring 2012.
“Oil Dependence and Economic Development: The Tale of Kuwait”,
Geopolitics of Energy , Vol. 31, No. 5, 2009, U. of Calgary, Canada.
“On the Relationship between the Size of Deposits in the Banking System and
the Level of Activities in the Capital Market: the Case of Kuwait”, Economic
Horizons, Vol. 30 No. 114, 2008, UAE.
“Estimating energy price elasticities for the non-oil manufacturing industries
in Kuwait”, OPEC Energy Review, Vol. 32, No. 2, 2008.
“The Economic Development Experience of Kuwait: Some Useful Lessons”,
Journal of Economic & Administrative Science (UAEU), Vol. 23, No.1, 2007.
“Residential Energy Demand: A Case Study of Kuwait, OPEC Energy Review,
Vol. 31, No. 3, 2007, (Joint).
“The Impact of Stock Market Performance on the Non-Governmental Deposits
in the Kuwaiti Banking System”, Economic Horizons, Vol. 28 No. 111, 2007,
UAE.
“The Commercial Sector Demand for Energy in Kuwait”, OPEC Energy
Review, Vol. 31, No. 1, 2007, (Joint).
“The Prospects of Establishing the GCC Common Currency Area”, Kuwait
Economic Review, Vol. 10, No. 20, 2006, Kuwait.
“Industrial Energy Policy: A Case Study of the Demand in Kuwait” OPEC
Energy Review, Vol. 30, No. 1, 2006.
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“Monetary Management and Banking Sector Reform in the Arab Countries”
Economic Horizons, Vol. 27 No. 106, 2006 (2), UAE.
“Arab Capital Markets Development and Institutions”, the Middle East Business
& Economic Review, Vol. 17, No. 1, June 2005, Australia.
“Impact of Trade Agreement on the Arab Industrial Sector”, Kuwait Economic
Review, Vol. 9, No. 19, 2005, Kuwait.
“A Model for Forecasting and Planning: The Case for Energy Demand in
Kuwait” Journal of Energy and Development, Vol. 30, No.1, 2004, USA.
“Quantitative Measures of Financial Sector Reform in Arab Countries”, Journal
of Energy and Development, Vol. 29, No.2, 2004, USA.
“Measuring the Impacts of WTO on Arab Countries”, Economic Horizons,
Vol.25 No. 98, 2004 (2): 13-51, UAE.
“Determinants of Tax Efforts in Arab Countries”, The International Journal of
Applied Business and Economic Research, Vol.1, No. 1, 2003: 89-105, UK.
“Transport Demand for Energy: A Case Study for Kuwait”, Journal of Energy
and Development, Vol. 27, No.3, 2003, USA.
“Can An Oil-based Economy Be Diversified? A Case Study Of Kuwait”, Journal
of Energy and Development, Vol. 27, No.2, 2003, USA.
“ World Energy Markets and the Challenges for Arab Oil Exporting Countries
in 21st. Century”, Kuwait Economic Review, Vol. 8, No. 15, 2003.
“Environmental Concerns and Their Impact on World Energy Mix”, Economic
Horizons, Vol. 23, No. 90, 2002 (2).
“Inflation Caused by Imports Revisited: An Empirical Investigation of the Case
for Kuwait”, Journal of Energy and Development, Vol. 27, No.1, 2002.
“Determinants of Demand for Consumer Loans in Kuwait”, Kuwait Economic
Review, Vol. 6, No. 12, 2002.
“The Competitiveness of the GCC Petrochemical Industry in the Global
Market”, Economic Horizons, Vol. 22, No. 88, 2001 (4).
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“Economic Development and Financial Deepening Revisited: A Case Study of
Kuwait” Journal of Energy and Development, Vol. 26, No.1, 2001, (Joint).
“Oil Price Fluctuations and their Impact on the Macroeconomic Variables of
Kuwait: A Case Study Using VAR Model”, The International Journal of Energy
Research, Vol. 25, No. 11, June 2001, (Joint).
“Household Energy Demand in Kuwait: An Integrated Two-Level Approach”
OPEC Energy Review, Vol. XXII, No. 4, 1999 (Joint).
“Electricity Demand by the Commercial Sector in Kuwait: an Econometric
Analysis” OPEC Energy Review, Vol. XXII, No. 1, 1999 (Joint).
“Disaggregated Energy Price Elasticities for the Non-oil Industries in Kuwait” ,
The Middle East Business & Economic Review, Vol. 10, No. 1&2, Oct. 1998, p.
71-77.
“The Future of Kuwait’s Domestic Energy Demand”, Energy Studies Review,
Vol. 8, No. 3, 269 - 275, 1998, Canada.
“Budget Deficit Remedies and Their Impact on the Non-Oil Sector in
Kuwait”, the OPEC Energy Review, Vol. XXII, No. 1, 1998, 57-71.
“The Asymmetry of Gasoline Prices: Fresh Evidence from an Error
Correction Model for UK and USA”, the International Journal of Energy
Research, Vol. 22, 1997, 271-276.
“A Cointegrating Relationship in the Demand for Energy: The Case of
Electricity in Kuwait”, Journal of Energy and Development, Vol. 21, No.2, 1997,
293-301 (Joint).
“On The Future Role of Gulf Oil in Meeting World Energy Demand”, Energy
Studies Review, Vol. 8, No. 1, 1997, 1-7, Canada.
“Gasoline Demand in the GCC: An Application of Pooling and Testing
Procedures”, Energy Economics, Vol. 18, 1996, 203-209.
“Demand for Natural Gas in Kuwait: An Empirical Analysis Using Two
Econometric Models”, The International Journal of Energy Research, Vol. 20,
1996, 957-963.
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“The Demand for Natural Gas in the GCC”, The Middle East Business &
Economic Review, Vol. 16, No. 1, 1996,41-48, (Joint).
“Price and Income Elasticities of Energy Demand: Some Estimates for Kuwait
Using Two Econometric Models”, Journal of Energy and Development, Vol.
XIX, No.3, 1996, 175-185, (Joint).
“Demand for Gasoline in Kuwait: An Empirical Analysis Using Cointegration
Techniques”, Energy Economics, Vol. 17, No. 3, 1995, 249-253, (Joint).
“The Structure of Demand for Electricity in the GCC”, Journal of Energy and
Development, Vol. 18, No. 2, 1995, 213- 221, (Joint).
“The Sectoral Demand for Electricity in Kuwait”, OPEC Energy Review, Vol.
XIX, NO.1, 1995, 37-44.
“Demand for Gasoline in Kuwait”, OPEC Energy Review, Vol. XVIII, No.3,
1994, 291-296.
“Transportation Gasoline Demand in Canada”, Journal of Transport
Economics and Policy, 1993, 193-208.
2- Published Books (Editor / Co-author)
 Chapter “ on the Future dependence on Gulf Oil “ in the book
entitled The 1979 'Oil Shock:' Legacy, Lessons, and Lasting
Reverberations; Published By The Middle East Institute, George
Washington University, 2010.
http://mei.edu/Portals/0/Publications/Oil%20Shock%201979_Final.pdf,
 Studies On Institutions and Development Performance, Editor, Arab
Planning Institute Publications, Kuwait 2005.
 The Relationship between the Education and Labor Market and
Estimating Returns on Human Capital in Arab Countries, Co-author,
Arab Planning Institute Publications, Kuwait 2004.
 The Economic Diversification Experience of Arab Countries, Editor,
UN-ESCWA Publications, Beirut 2002.
 The Impacts of European-Mediterranean Partnership Agreements on
Arab Regional Agreements, Editor, Arab Planning Institute
Publications, Kuwait 2001.
 Arab Business: The Globalization Imperative, The Future Role of
Gulf Oil in World Energy Demand, Powell’s Books, London, 2001.
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 Tax Reforms in Arab Countries, Editor, a joint publication by the
American University of Cairo and the Arab Planning Institute,
Kuwait 2000.
Research Presented at Conferences & Workshops
 “Ending Dependence: Hard Choices for Oil-Exporting States – The Case
for Kuwait” presented at the Workshop organized by The Royal Institute
for International Affairs (Chatham House), London, UK, April 18-22,
2008.
 “Banking and Financial Sector Development: A case study of Kuwait”
Presented at the International Conference on the Prospects of Arab
Economic Cooperation to Boost Saving & Investment – Alexandria,
Egypt, June 22-24, 2004.
 “Arab Capital Markets Development and Institutions” Presented at the
International Conference on the Role of Institutions in Development
Performance – Beirut, Lebanon, June 7-8, 2004.
 Petrochemical Industry Privatization in Kuwait: Prospects and
Challenges” Presented at the ninth Economic Conference of the Kuwaiti
Economic Association held in Kuwait Oct. 18-20, 2003.
 “Financial Market Reform Indicators in Arab Countries” Presented at
The International Conference on Financial Development in Arab
Countries held in Abu Dhabi – UAE March 23-26, 2003.
 Measuring Tax Efforts in Arab Countries” presented at the Economic
Research Forum’s Ninth annual conference held in Al-Sharjah – UAE,
Oct. 26-28, 2002.
 “Impact of European – Mediterranean Agreements on Trade of Muslim
Countries” presented at the International Conference on Practical
Measures to Establish a Common Market Between Muslim Countries,
Univ. of Qatar, Qatar, May 13-15, 2002.
 “Measuring the Impact of WTO on Arab Countries” presented at the
Fifth Annual Conference of the College of Business and Economics,
University. of UAE, Meeting the Challenges of a Global Economy, AlAin, UAE, 24-25 March, 2002.
 “An Assessment of Economic Diversification in Kuwait” Presented at
the Experts Group Meeting on Economic Diversification in Arab
Countries, co-sponsored by UN-ESCWA and API, held in the UN House
- Beirut, Lebanon, Sept. 25-27, 2001.
 “Economic Development And Financial Deepening Revisited: A Case
Study of Kuwait” Presented at the International Conference on Structure,
Performance and Future of Financial Institutions in GCC Countries
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organized by the National Centre For Economic Research, University of
Qatar, Doha, Qatar, April 7-9, 2001.
“Technological Changes and the Challenges for Arab Oil Exporting
Countries in the 21st Century” Presented at the Scientific Research
Outlook in the Arab World and the New Millennium: Science &
Technology Conference Organized by The University of Sharjah,
Sharjah, UAE April 24-26, 2000.
“Tax Reform Policies in Developing Countries: Some Useful Lessons”
Presented at the Workshop on Evaluating Tax Policies in the Arab
World Organized by the Arab Planning Institute, Kuwait, April 11-12,
2000.
“Demand for Labour in the Social Services Sector in Kuwait”, Presented
at the First Arab Conference on Arab Labour Markets, Organized by the
Arab Planning Institute, Cairo, Egypt, May 24-28, 1997.
“ Future Role of Gulf Oil in the World Energy Demand”, Presented at
the First Annual Middle East Business Conference, Globalisation of
Arab Business, Kuwait, 6-9 January 1997.
“An Empirical Analysis of the Demand for Gasoline in the GCC”
presented and chaired the session on Coal and Oil at the Joint First
International Symposium on Energy Modelling for Policy and Planning,
London Business School, London, UK, July 18-20 1995.
“Transport Gasoline Demand in Canada”, presented at the workshop on
Estimating Long-Run Energy Elasticities, held at Robinson College,
Cambridge University, 29-30 Sept.1992.
AWARDS & GRANTS
 Served as a Consultant to The Royal Institute for International Affairs
(Chatham House), UK, for their Research Project entitled: Ending
Dependence: Hard Choices for Oil-Exporting States, 2008.
 Received Research Grant from The Kuwait Foundation for the
Advancement of Science (KFAS) for developing and estimating Kuwait's
Future Energy Demand and Planning Model 2005/2007.
 Kuwait Institute for Scientific Research ’s Best Researcher of the Year
Award for the academic year 1997/98.
 Awarded the title of Honorary Associate Fellow by the Centre for
Petroleum and Mineral Law and Policy of the University of Dundee in
recognition of professional performance and strong reputation in the field of
energy economics, 1996-2001.
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 Received several research grants from Kuwait University for research on
Demand for Electricity, Gasoline and Energy Demand in GCC and the
Process of Economic Development.
 Received a research grant from the Kuwait Foundation for the
Advancement of Science (KFAS) for a research project on establishing a
Data Bank for Alternative Energies and Their Impact on World
Energy Markets
 Received the Overseas Research Student scholarship Award from the
Commonwealth Exchange Student Scholarship Program, while studying
towards my Ph.D. at University of Surrey, UK (1987-1990).
TRAINING PROGRAMS CONDUCTED
* Macroeconomics indicators and their impact on the Industrial sector
performance, Ministry of Industry and Trade, Sultanate of Oman, April 2012,
* Descriptive Statistics. (Using Excel software)
* Statistical Analysis for Decision Making: Statistical Inferences.(Excel &
Minitab)
* Time Series Analysis and Forecast: Autoregressive Methods (MFIT, EView).
* Economic Modelling and Applied Econometrics. (EView, Shazam)
* Economic Policy Evaluation Using Econometric Models.(EView, Shazam)
* Energy Demand Modelling and Forecast. (EView).
* How to Conduct a Survey: Designing a Questionnaire, Method of Collecting
data, Focus Groups, Pilot Testing and Issues of Reliability and Validity.
* Multivariate Analysis of Cross-Sectional (Survey) Data: Factor, Discriminate,
Cluster, Regression Analysis and ANOVA Tables. (SPSS).
* Appraising Banking Services by Customers: Statistical Analysis Using CrossSectional Data Collected by the Kuwait Institute for Banking Studies. (SPSS).
OTHER SKILLS & EXPERIENCES
 Computer Knowledge: Windows XP, Excel, PowerPoint, MS-Word,
EViews, Shazam, MFIT, SPSS, MINTAB, SAS and RATS.
 Referee for The Energy Journal, Resources & Energy Economics, The
International Journal of Energy Research, Journal of Energy Economics,
Energy: the International Journal, Journal of Energy Policy, Journal of
Energy Studies, OPEC Review, Economic Horizons, Kuwait Economic
Review and Journal of Development and Economic Policies, Journal of
King Saud University (Administrative Sciences), Journal of the Gulf
Industrial Cooperation and Omran (CRSP).
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