Energy shocks ‘biggest risk for Middle East business’:
Potential energy price shocks are the biggest worry facing business leaders in the Middle East and North Africa, according to a report on global risk by the World Economic Forum (WEF).
The prospect of sharp volatility in energy prices — the main government revenue stream in most of the countries of the Arabian Gulf — is a bigger concern than unemployment or terrorist attacks in the region, the WEF survey found.
The only other part of the world were the energy price was the main concern was in Eurasia, which includes resource-rich Russia, and parts of central Asia.
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