Rare oasis of growth in a global economy on the brink of recession, the countries of the Persian Gulf have leveraged hydrocarbon wealth to drive their economies forwards. While they are known for their seemingly limitless wealth, how are these countries preparing for the post-oil transition? How are their relations with each other and their neighbors? What benefits does the region offer to businesses and entrepreneurs? What is the received wisdom and what are specific business features that companies need to be aware of? We analyse these opportunities and risks with two Coface experts: Seltem Iyigün, economist for Middle East and Turkey, and Hassen Bennour, CEO for the Middle East and Southern Africa.