About 82% of CEOs in the Middle East expect worldwide growth to improve this year and 64% are extremely or very confident about their revenue growth prospects, said professional services firm PwC in a new report.
Rising oil prices are boosting economic growth throughout the oil producing economies of the Mena region, with predictions that GDP will largely return to pre-pandemic levels in 2022.
The human and economic cost of air pollution and degraded seas and coastlines is immense, estimated to be more than 3% of GDP in some countries of the Mena region, according to a new World Bank report.
Evolving customer expectations, innovative technologies and economic uncertainty mean constant change is a fact of life. Here are five proactive steps businesses can consider to grow and thrive in 2022:
Significant balance sheet deterioration has been a factor in the downgrades of hydrocarbon-exporting sovereigns since 2015 and these are unlikely to return to pre-2015 levels, absent changes in rating factors other than oil prices, said a ratings agency.
Financials, Technology and Energy are the favoured investment options for this year, according to a survey conducted as part of a webinar hosted by The Continental Group, a leading insurance intermediary and financial services provider in the GCC region.
Oil prices will continue to stay elevated as Opec+ members are struggling to raise production.
Many areas in the financial services industry are expected to see radical changes, including in digital payments, cryptos and Banking As A Service areas, this year, says a report from Oliver Wyman, global management consultancy.
The Covid-19 pandemic has changed the way workers interact with their firms. While some workers are starting to return to the office, the new equilibrium is unclear. Most firms will adopt a hybrid model, but exactly what this looks like remains murky.
Despite the headwinds of material price inflation, supply chain risk and coronavirus variants, 2022 promises to be a stronger year for the GCC construction sector with key trends including digitalisation, diversity and modularisation shaping the sector.
