| 22.12.2009 - Gulf states expected to keep spending high next year |
| From Business24-7.ae: Gulf states are likely to keep their large spending packages in place next year, even as major economies withdraw stimulus, as higher oil prices give the world's top oil exporting region enough room to support a fragile recovery. The global financial crisis slashed income for top Arab economies making them drain reserves as they embarked on massive spending plans to help emerge from this year's downturn........................................Full Article: Source |