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We still expect GDP growth to accelerate modestly to 3.4% in 2017 and 4.4% in 2018 from an estimated 2.3% in 2016. Non-oil growth will be boosted by rising hydrocarbon prices (versus last year), waning fiscal consolidation and a stronger projects market. And the Barzan gas project and the new Ras Laffan II condensates refinery will more than offset OPEC-led cuts in crude production in H1.
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The Shale Gas and Oil Report from ISA highlights the key developments in the fast-growing shale gas and oil industry. Moreover, this report highlights the developments in shale gas and oil industries outside ...
The economy has started to move out of recession but it will struggle to achieve any more than weak growth this year as the government will have to embark on a fresh round of austerity to rein in the large ...
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