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.
The government's significant progress toward Vision 2030 is accelerating growth in Saudi Arabia and the Kingdom is expected to solidify its position as the M&A leader in the region in 2022, says an expert.
