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The Middle East and particularly those countries that make up the GCC have not escaped the worst contraction in the world economy since the 1930s. Whilst the economies of the region and corporate profitability were once dependent on the price of oil, the region is now more closely integrated into the global economy. It is clear that credit and leverage damaged some companies in the GCC as extensively as anywhere else.
Within this context, countries have been affected to varying degrees. The emergence of sovereign wealth funds has enabled many governments to maintain or even boost spending and mitigate the worst effects of the recession.
As in other regions of the world the economic crisis has exposed the need for effective corporate governance. It is clear that as the Middle East recovers, corporate governance will remain high on the political and business agenda. Both the public and private sectors with resume their investment in effective corporate governance.
Barclay Simpson’s Middle East Interim Market Report 2009 takes a detailed look at how the recession has affected the corporate governance recruitment market in the GCC and assesses the prospects for the rest of 2009 and into 2010.
To download the full report, simply click on the graphic or choose from the following links to go straight to specific sections of the report:
- Market overview
- Analysis by sector / country
- Salaries
- Outlook
If you have any problems accessing the report or would like to discuss any aspect of it, please call 020 7936 2601.
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