The countries of the Gulf Cooperation Council will have a better than expected 2012 thanks to high oil prices and additional public spending as a direct consequence of the Arab Spring uprisings, civil wars and revolutions, Deutsche Bank regional chairman Dr Henry Azzam told the Middle East Investment Summit in Dubai this week.
However, the enormous disruption to the economies of those countries affected by the Arab Spring phenomenon will leave them struggling to meet the high aspirations of this social and political event.
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