Brexit has cast a negative shadow on the global economic market, which suffers from the lack of clarity of vision and the fog of economic analysis and estimates that stormed the summer of 2016, and the global market is still reeling from the shock that takes several years to recover.

The US presidential election, low oil prices and rising unemployment have added to the disruption of the economic equation.

The US presidential election, low oil prices and rising unemployment have further disrupted the economic equation, prompting capitalists to invest billions in real estate and stocks in a short time, exposing them to the storms of economic variables expected from time to time.

The global market is still reeling from the expected economic variables from time to time.

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In terms of our local economy, whose movement is inseparable from the global impact, it has been subjected to many and multiple treatments, especially since oil constituted more than 90% of GDP, which reflected on a large segment of society directly related to it, especially state employees, and the impact on other segments will extend to the private sector, business owners and real estate owners.

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As a result of these changes, major energy companies have reduced their budgets by more than 70%, while other companies have exited the market, and energy factories and other companies have stopped due to the delay in their financial dues with some government agencies, and this situation as a whole will affect the economies of small and medium-sized enterprises, despite the resistance of some of them for six months, but speculation indicates that some of them will exit the market in the future to stop potential losses from increasing costs and stopping sales.

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The real estate market, as an essential part of the local economy affected by the variables imposed on it such as white land fees, municipal fees and labor fees, has been resisting collapse and holding on in the absence of real buyers for those lands despite the seriousness of the sale, except for a limited number of lands whose prices have fallen encouragingly for opportunity hunters.

On the level of commercial buildings, the owners of many shops have tended to kiss, which portends an increase in supply with the imposition of the new municipalities' fees on shops by 10 per meter, and this will undoubtedly raise the costs of the tenant, who has only three options either to reduce his profits or charge them to the consumer or exit the market; So the next stage will be more difficult for many small and medium enterprises and we expect many businessmen to restructure their activities, reduce their costs and develop to face the changes, While the private sector will witness more alliances, as wisdom says "stop loss is profit" and the decision needs boldness in taking it away from emotion.

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Editor-in-Chief

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