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Gulf growth forecasts cut but region to avoid recessionAnalysts have cut their forecasts for economic growth in Saudi Arabia and the Gulf's other rich oil states this year but still expect the region to avoid recession by a comfortable margin, a Reuters poll found. The median fore More… |
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Gulf economies set to post robust growthGulf Arab economies are likely to keep growing robustly over the next two years as government spending remains high, even though somewhat softer oil prices may cut into government revenues, a report said. Saudi Arabia's gross More… |
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Weak dollar ‘not a concern for Gulf economies’The weak US dollar is not a concern for Gulf economies, the Opec country's finance minister said on Saturday. The dollar's slide has caused concern among oil producers as it pushes down the value of their dollar-denominated oil revenues wh More… |
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Social trends, population boom to transform GulfThe GCC will grow in importance as an economic and trading hub by 2020, thanks to profound demographic and social changes and a booming youth population with increasing access to education and newer technologies, said a new research. The&n More… |
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Gulf economies seen slowing downThe Saudi Arabian and United Arab Emirates economies will narrowly avoid contracting in 2009 while Kuwait shrinks as the Gulf is dealt a double blow from oil output cuts and weak consumer demand, a Reuters poll showed. Real economic growth More… |
