Business leaders from the Mena region at the World Economic Forum (WEF) in Davos this year are calling for greater economic reforms in the Arab World in order to lower dependence on oil, reduce the burden on government budgets, and unlock stronger economic growth and job creation through private sector investments. This comes as the International Monetary Fund reports average economic growth slowing to below three per cent in the Middle East, with fiscal deficits close to 15 per cent, said a report in the Gulf Daily News (GDN), our sister publication.

 

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