The eyes of the world are turning towards Papua New Guinea as it prepares to host the APEC Economic Leaders’ Week, the biggest ever international event on its soil.
Undoubtedly, higher and more stable oil prices have buoyed the Gulf countries over the past year. As I have written before, this is in some senses good news for the region, where oil plays such an important role in terms of income.
Higher and more stable oil prices have undoubtedly buoyed Gulf countries in 2018. While this is, in some senses, good news for the region, where oil plays such a crucial role in terms of income, it also raises important questions about the need for – and the pace of – reform. In speaking with close to 900 of the region’s executives in face-to-face interviews, the latest OBG Business Barometer: Gulf CEO Survey illuminates how the rollercoaster of the past year has impacted near-term business plans in the private sector, and how executives are factoring uncertainty into their development strategies.