Economic growth remains strong

Siddiqi, Moin A
April 2004
Middle East;Apr2004, Issue 344, p52
Geopolitical rather than economic news about the Middle East has dominated headlines in the international media in 2003. But on the economic front, overall developments have been quite encouraging in the face of continuing sluggish growth in OECD countries. Increased concern following terrorist attacks in Casablanca, Riyadh and Istanbul, together with spillover effects of the invasion of Iraq and the protracted Israeli-Palestinian conflict continue to cast a shadow over the Middle East and North Africa region. Yet, despite the unfavourable geopolitical environment, there were bright spots across the oil and gas rich region, especially in commercial and energy sectors.


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