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How will the crisis in MENA region impact business?

Dun and Bradstreet has come out with a research report on impact of crisis in the MENA region.

March 29, 2011 / 18:08 IST

Dun and Bradstreet has come out with a research report on impact of crisis in the MENA region. "The wave of uprisings that is sweeping across the Middle East and North Africa (MENA) is set to have a major impact on the risk of doing business. As political instability rises in the region, companies around the world need to prepare for the repercussions on supply chains and business costs across most sectors, according to its April report.

The report says, "Unsurprisingly, in early 2011 oil prices reacted quickly to instability in Egypt and Libya. Whereas operations in the Suez Canal and SUMED pipeline continued unabated even at the peak of the crisis, turmoil in Libya meant that foreign oil companies had to evacuate their personnel and reduce or shut down production. As a result, the price for Brent broke the psychologically sensitive USD100 per barrel (/b) mark and hovered around USD115/b for weeks. As the MENA region sits on top of some of the world

first published: Mar 29, 2011 04:51 pm

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