The Middle East economies have been experiencing exceptional growth rates over the last three years. Unemployment has also declined during the last decade which indicates that their economic fundamentals are really firming up. Also in the recent years, oil prices have steadily increased fueling the economy to achieve even faster growths rates.
Another important development in the region is the apparent strengthening of intra-regional economic ties. Middle Eastern investors have increasingly sought returns in markets closer to home which has resulted in a sharp rise in real estate and equity prices. As a consequence of all these, the business environment in the region has now, more than ever, become very conducive to growth and sustainability.
Now is the time for individual firms and business entities in the region to take full advantage of these positive conditions to maximize benefits and achieve growth in the long-run. The individuals companies, however, need to h