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Deutsche Bank hails Saudi prospects

Posted on 09 November 2009

From Khaleejtimes.com: Saudi Arabia has a very promising economy because of its strong oil price, continued public sector investment in infrastructure and diversification, according to a Deutsche Bank report.

“In 2010, we expect the Saudi economy to grow by 3.8 per cent, well ahead of all the other countries in EMEA except Turkey and Qatar,” said the report on the kingdom issued on Tuesday, which also forecast oil price to peak $175 a barrel in 2016…………………………Full Article: Source

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