Cabym's Weblog

the Reference blog for financial investment in Lebanon

Archive for oil prices

Higher crude prices could raise inflation in GCC

The improvement in oil prices and projections that they could increase further would largely benefit Gulf crude producers, however, they carry risks of return of high inflation to the region, according to National Commercial Bank (NCB). The report was published by Bank Audi MENA Weekly Monitor.
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Growth Gains Strength in Middle East and North Africa, but Sluggish Credit Impedes Stronger Recovery

Economic prospects for the countries of the Middle East and North Africa have improved with the resumption of capital inflows and rising crude oil prices. But stress in the banking and financial sectors along with slow credit activity are weighing on the rebound, the International Monetary Fund (IMF) said in its latest Regional Economic Outlook (REO). The REO for the Middle East and North Africa, Afghanistan, and Pakistan (MENAP) was presented today at the Dubai International Financial Center.

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