| 25.02.2009 - Saudi, UAE, Kuwait GDP to contract says study |
| From Tradearabia.com: Saudi Arabia, the United Arab Emirates and Kuwaiti economies are set to contract this year amid an oil price slump before economic growth resumes in 2010, Banc of America Securities-Merrill Lynch said. The decline in gross domestic product (GDP) for the three largest economies in the world's top oil-exporting region follows a combined Gulf growth rate of almost 43 percent in the last six years, the investment firm said in a research note..... Full Article: Source |