Monday 23 November 2009

Oil and SWF: Cushion for Arab economies

After collective losses estimated at hundreds of billions of dollars, Arab countries are believed to have crossed the peak of the nearly 15-month-old international financial crisis.

Now, the worst part is over and things appear to be on the mend.

Recovering economic conditions, a fresh appetite for new investments, more spending on infrastructure projects and increasing trade are expected to prevail in the next two years, economists say.

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