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Wednesday 26 February 2025
Last Updated : GMT 06:49:16
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Arab Today, arab today Flagging non-oil business dampens outlook for Gulf196572/90
Dubai - Arab Today
Economists have cut growth forecasts for most of the oil exporting countries of the Gulf as non-oil business activity slows because of government austerity measures, a quarterly Reuters poll found. Last year, growth in the six-nation Gulf Cooperation Council began to lose steam as governments reduced spending to limit big budget deficits caused by cheap oil. This year, those austerityRead more
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