Business as usual?
In Dubai, The Legal 500 in partnership with Al Tamimi & Company assembled lead in-house counsel from the region – all of whom were members for the GC Powerlist: Middle East – to discuss strategies for dealing with a challenging geo-political situation and an evolving business environment.
With a fall in commodity prices prompting fiscal pressures for businesses around the globe, it comes as no surprise that companies in the oil-rich Middle East are feeling the financial pinch. While a number of those in attendance were bullish about medium- term prospects, with factors like the lifting of sanctions and opening up of Iran to trade cited as reasons for optimism, the short-term was undoubtedly a more challenging time with cost pressures a topical issue, irrespective of sector.
