Examlex
According to the text, new venture ideas must pass through two critical stages to be implemented by corporations: project definition and project impetus.
Kuwait
Kuwait is a small, oil-rich country located on the Persian Gulf, known for its significant petroleum reserves and strategic importance in the Middle East.
Bahrain
A small island country in the Persian Gulf known for its rich history, oil wealth, and as a financial hub in the Middle East.
Oil Prices
The cost per barrel of crude oil, a critical determinant in the global economic landscape, affecting energy costs, inflation, and geopolitical dynamics.
Developing Countries
Nations with a lower living standard, underdeveloped industrial base, and a lower Human Development Index (HDI) compared to developed countries.
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