Which industry do you think would deem more profitable than the other in the long run- IT or pharmaceuticals (Middle East region specifically)?

Jeev - this is a tricky one!.. for the fact that any industry gets a good boost when it collaborates with latest IT trends. Since last3 decades, we have seen that IT is indeed the support backbone to most of the sectors being able to achieve their targets, Set standards, etc. 

Talking about ME - Pharma, Hotel industry, Hospitality, Real-Estate and the age old Oil-Gas sectors would continue to shine. Consequently, when these industries grow, the demand for more IT trands, automation, Smart minds (project managers, architects, Developers), More infrastructure (big data, cloud, etc) would also grow... 

So moral of the story is - IT industry is never a standalone industry... It runs for improving the various conventional industry sectors.

Best Regards, Ananth..

My bet would be on IT, since it's been the new direction and money generator for a while now