Continued uncertainty – stemming from events both within and outside the Middle East – looms large on the minds of the 157 senior executives from the UAE, Saudi Arabia, and Qatar polled by Oliver Wyman and Zogby Research Services in late December, 2012.
The optimism uncovered in previous polls remains high, but has been dampened by ongoing fiscal worries in the Eurozone and by continued risks to the large and complex projects characteristic of the Gulf region. The survey results were presented at the 4th Oliver Wyman / Financial Times CEO Conference on Thursday, January 10th, in Dubai.
When asked to rate their firm-wide structures and processes in place to manage uncertainty, only 22% of all polled answered “no issues – we have an established firm-wide process to manage risk.” In the UAE, 69% of senior executives said their processes were either “mixed” (different parts of the firm have their own processes) or non-existent. Saudi executives were similarly negative, with 36% admitting they have no processes in place to manage risks.
Middle East C-suite survey finds mixed results on confidence, risk management in the region - bi-me.com
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