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Deleveraging in EU banks is one of the many issues impacting the ME economies in the 2012. Tourism, trade, investment and oil exports could also suffer as the EU crisis unravels.
Iran may not be able to maintain its oil output by 2016 due to sustained international sanctions, but Iraq should be able to step into the breach, says the International Energy Agency.
Opec countries will rake in $900-billion this year. But these outstanding figures mask great turmoil facing group members in the next few years.
In the first part of the 2012 regional economic prospects, a look at oil-rich countries’ efforts to manage their citizens’ expectations, economic slowdown and regional and domestic political upheavals in the New Year.
Gold haters are predicting the end of the gold rally. But pro-gold analysts say central bank bullying, inflation and negative interest rates will continue to propel the yellow metal forward.
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AlifArabia’s aim is to offer a brutally frank but sincere analysis on the Middle East region’s business and political issues. It wants to see a thriving and dynamic Middle East that encourages corporate and government transparency, investments and policies that allow the economies to grow.
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