Mena faces EU-style wealth split - The National:
"The Middle East and North Africa resembles Europe with a lack of reform and the richer parts of the region bailing out their troubled neighbours, says the chief economist of Saxo Bank.
Steen Jakobsen said the Mena region was losing momentum, despite strong growth in oil-producing countries.
"Mena is now divided into two halves: the north versus the south," he wrote in a research report that the Copenhagen-based bank released yesterday."
'via Blog this'
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