Top list: Five biggest concerns of MENA business leaders

Top list: Five biggest concerns of MENA business leaders

Energy price shocks, fiscal crisis and spread of infectious diseases are among the biggest risks that concern businesses in the Middle East and North Africa (MENA), according to a new survey by the World Economic Forum (WEF).The year 2020 has been challenging for oil-producing economies in the region. States in the Gulf Cooperation Council (GCC), in particular, have had to face a dual shock from the coronavirus pandemic and low oil prices. Months earlier, oil prices plummeted to negative territory, while global energy demand also collapsed, particularly during the coronavirus lockdown.Besides energy price shocks, companies in the region are also worried about unmanageable inflation and cyberattacks, according to the WEF's Regional Risks for Doing Business 2020 study.The study included more than 12,000 responses from business leaders in 127 countries, including