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IMF Official Tells Al-Hayat: Syrian Displacement Costs Lebanon 10% of GDP
The burden of Syrian displacement on Lebanon’s economy represents 10 percent of gross domestic product, according to estimates announced by Masood Ahmed,…
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Moody’s: Oman and Bahrain Most Affected in the Gulf by Lower Oil Prices
Cairo (Anadolu)—Credit rating agency Moody’s said on Monday that Bahrain and Oman were the Gulf countries most affected by falling oil prices in 2015,…
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Saudi Real Estate Development Fund Approves Loan Transfers and Joint Loans
The Saudi Real Estate Development Fund approved several decisions, including implementing regulations for investment loans and raising the accepted building…
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Al-Naimi: Saudi Oil Production Near Record Highs in April
Oil Minister Ali Al-Naimi said Saudi Arabia was producing crude near record levels in April, highlighting the kingdom’s determination to protect its market…