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Economy trends update April 2017
Among the five economies under our coverage in the Middle East and Africa region, Israel and Egypt reported the most encouraging news during the latest review period from February to April. Israel continued to enjoy a positive growth environment while Egypt managed to keep its reforms agenda on track. However, the largest economy in the region, South Africa, turned out to be the laggard, failing to keep up its recovery and suffering a credit downgrade.
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Country Profile:
Qatar: Powered By Gas, Driven By Ambition
Qatar, the pear-shaped peninsula located in the Persian Gulf, was largely known for its native pearl-fishing industry until the 1980s, when the discovery of oil and large natural gas reserves made millionaires overnight.Qatar’s global investment presence and the perception of being a relatively liberal Arab state have earned the nation a place on the investors’ radar in recent years.
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Country Profile:
United Arab Emirates: Blooming Desert
Just over 40 years old, the United Arab Emirates might be passed over as a young nation. But make no mistake. Combining the centuries-old resourcefulness of the Bedouins, the wisdom of sea-faring traders, the bounty of oil resources and the marvels of foreign expertise, the UAE is making economic strides like a giant.
