Middle East Economic Survey


No 46



GCC Countries To See Modest Growth In 2010, Emirates NDB Says

Renewed optimism on the back of improving oil prices should lead the GCC region to a modest recovery in 2010, with most countries poised to see positive growth and budget balance surpluses, according to a report by UAE banking group Emirates NBD. Surveys across the region have consistently reflected an improving picture in 3Q and earnings reports have showed promising signs...