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Gulf states set for growth, risks remain: IIF

Posted on 02 October 2009

From Tradearabia.com: Gulf Arab economies are seen returning to solid growth in 2010, with Qatar and Oman soaring on rising oil and gas output, but ‘corporate distress’ remains a risk, the Institute of International Finance said in report.

Real gross domestic product (GDP) in Kuwait, Saudi Arabia, and the United Arab Emirates was expected to grow 4 per cent, 3.5 per cent and 3.4 per cent respectively in 2010, driven mainly by a rebound in oil production, the IIF said in its report………………Full Article: Source

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