CATEGORY: OBG Business Barometer

Billy FitzHerbert
12 February 2019
OBG Business Barometer

Although the global economy is in the midst of some challenging times, 82% of C-level executives who participated in the 2019 Business Barometer: Saudi Arabia CEO Survey believe that the Vision 2030 policy reforms will be successful or very successful in achieving medium- to long-term goals. Furthermore, manufacturing is indicated as the sector most likely to drive non-oil economic growth in the short to medium term, representing 15% of total responses. The optimism is carefully gauged, however, with 65% of business leaders citing regional political volatility as the top external event that could impact the economy.

Souhir Mzali
29 January 2019
OBG Business Barometer

With the import ban launched in 2016 having coincided with a drop in oil and gas prices, in early 2018 Algeria started to rethink it, with a view to improving the country’s finances and easing a challenging tax situation. In June the Parliament duly approved a measure replacing the ban on certain
products with Customs duties.

Souhir Mzali
29 January 2019
OBG Business Barometer

While the 2014-17 period saw the effectiveness of the import ban called into question and was marked by a significant drop in oil receipts, recovering commodity prices in 2018 appear to be bolstering both local business sentiment and economic growth prospects. The results of the second OBG Business Barometer: Algeria CEO Survey, gathered through face-to-face interviews with 90 of the country’s top executives, show that the general outlook is optimistic, with 73% expressing positive or very positive expectations of local business conditions in the coming 12 months, up from 61% in the November 2017 edition of the survey.