Middle East Economic Survey

VOL. LII

No 46

16-Nov-2009

REGIONAL

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...