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Oil crisis' impact in all sectors of economy , which sector is more effected than others?

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تم إضافة السؤال من قبل Amjed Mehboob , G.M -(Currently Job Seeking ) , Advance Education centre
تاريخ النشر: 2016/04/29
Nuridin Islam Diab
من قبل Nuridin Islam Diab , Training Manager , Bbusinesss LLE

The Oil & Gas sector is the most affected by it (including both oil companies and oil field services companies). 

Omar Saad Ibrahem Alhamadani
من قبل Omar Saad Ibrahem Alhamadani , Snr. HR & Finance Officer , Sarri Zawetta Company

Thanks

In general on employment sector.

dalal alharbi
من قبل dalal alharbi

Thanks for the invite I agree with the answers relevant experts

Khalid Ghaffar
من قبل Khalid Ghaffar , Consultant for Business Development , Waters Corporation USA

the answer depends on georgraphy.

if u r talking about oil producers region , the impact is psychological more then real meanwhile 

if yiu are talking consumers only region its good to get rid loans and strengthen the balance sheet 

Wasif Mehmood
من قبل Wasif Mehmood

industrial sector is more effected then others...................

Wasi Rahman Sheikh
من قبل Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

All the business effected <<<<<<<<<<<<<<<<<<<<<

ghazi Almahadeen
من قبل ghazi Almahadeen , Project Facilitator , Jordan River Foundation

Thanks for the invite ...................... agreed with the answers Mr. Khalid Abdul Ghaffar

Yes but Industrial area are too much effected then other Sector.

Md Fazlur Rahman
من قبل Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd

Oil is main source of energy and it impacts all sectors of economy through its backward and forward linkages.

1.  The most direct impact comes to road transportation, sea transportation and Air transportation sector through increased fare.

 

2.  Another impact is increased cost of electricity where oil is used to produce electricity through oil based power plant or generator.

Shaikha Ali AlSowaidi
من قبل Shaikha Ali AlSowaidi , Owner / Marketing Consultant , Marketing Consulting (Company Confidential)

Because most of the global economy is reliant upon the money that comes from oil and gas, and because the United States Dollar is directly tied to the Saudi Riyal, all sectors are majorly affected by the change in oil prices. However, what you now have is a decline in job positions in the Western societies and a downsizing of companies in the Middle East. What's happening is now that there's a decline in oil and gas purchasing, the power lies in the hands of the Middle East and they are not decreasing salaries, job positions within any single given company, and they are turning to Nationalism...which - in my honest and unbiased opinion - is best for everyone considering all of the factors.

Hisham Hashim
من قبل Hisham Hashim , Business Development Manager , RAS SERVICES P.L.C

It's evident that the oil and gas sector is hard hit since its revenue comes from it. All other sectors are greatly affected also, specially in countries which depend highly on revenues flowing from that one sector.

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