Once the industry pace-setter in the Middle East, the UAE appears to have lost the spring in its step. Dan Snook examines the reasons behind the slowdown and considers the wider state of play in this most complex of territories.
AS one door closes, another one opens. It’s a saying oft-quoted by those in industries where fortunes are regularly in a state of flux and the same is most definitely true of the Middle East and North Africa region.
Look back through the decades and, in terms of general political and economic stability, most of the resident nations have had their fair share of ups and downs. Has it been any more so than in the last 15 years, though? Those eminently older and wiser than I will be able to answer that particular poser with more accuracy, but in broad terms at least, volatility seems to have been the order of the day for some time.
