Published: Sep 30, 2014
Source: Emirates 24|7


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Gulf economic growth to quicken in 2015

Private sector to offset lower oil prices

Gulf Arab economies are likely to grow slightly faster in 2015, propped up by strong private business activity despite further falls in oil prices, a Reuters poll of analysts showed on Monday.

Brent crude oil, now at just above $96 a barrel, is down almost $20 from June's peak. Many economists expect the downtrend to continue in coming years, although at a slower pace, because of ample supply- By Reuters. Read more>>>

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