Top executives in the UAE, Saudi Arabia and Qatar say business conditions have improved since last year, but views are mixed about the long-term effects of regional uprisings on business confidence, according to a survey.
In the survey, conducted by Oliver Wyman, a consulting company, and Zogby, a polling firm, executives said external economic shocks constituted the biggest single threat to the GCC's business environment.
About 36 per cent of respondents from the UAE cited macroeconomics as the most pressing risk, while 34 per cent from Saudi Arabia and 40 per cent from Qatar said the same. But a central line of questioning in the latest Wyman-Zogby poll - the fourth in a series begun in October 2009 - was the role recent uprisings would play in prospects for the region's businesses.
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