Tuesday 31 March 2015

Instability and oil price plunge in the Arab world end boom years - FT.com

Instability and oil price plunge in the Arab world end boom years - FT.com:



"The dual challenges of rising terrorism and falling oil prices hover over the Middle East and north Africa, dashing hopes of a sustained focus on economic growth this year.



As the recurring theme of political upheaval weighs heavier on the region, the sharp decline in oil prices has started to slam the brakes on the Gulf’s powerful growth momentum.



Political tumult has spread, with the jihadi threat to Iraq and Syria reproducing itself in the civil conflict of oil-exporting Libya. Violence has also marred the post-Arab spring transition in emerging democracy Tunisia."



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