| 29.04.2009 - Mena growth to halve as oil falls: World Bank |
| From Gulf-times.com: Economic growth in the Middle East and North Africa (Mena) region is set to halve to 3% this year with the collapse of oil prices, demand and worker remittances, a senior World Bank official said yesterday. Daniela Gressani, World Bank vice president for the region, said countries outside the Gulf such as Iran, Syria and Algeria, which have expensive state subsidy programmes, will be hit the hardest by lower oil prices......Full Article: Source |