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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    5 Economic Trends Al-Monitor: This is how Arab countries seek to overcome the global downturn

    Rocky
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    5 Economic Trends Al-Monitor: This is how Arab countries seek to overcome the global downturn Empty 5 Economic Trends Al-Monitor: This is how Arab countries seek to overcome the global downturn

    Post by Rocky Sun 15 Jan 2023, 4:08 am

    [size=35][size=35]5 Economic Trends Al-Monitor: This is how Arab countries seek to overcome the global downturn[/size]
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    International

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    2023-01-15 | 02:40
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    Alsumaria News - International

    monitored the American Al Monitor website, in a report on the economic strategy of a number of Middle Eastern countries to face the global downturn during the current year, especially after the World Bank warned of an imminent recession during 2023.


    The report indicated that "oil-producing countries may be able to adapt to the crisis, after emerging from the recovery in 2022, but fragile countries and economies in the region - such as Lebanon, Tunisia and Jordan - and those burdened with wars - such as Syria, Yemen, Libya, the West Bank and Gaza - may be heading towards a crisis." or even collapse."






    5 Economic Trends
    The report monitored 5 economic trends in the Middle East for the year 2023, in which it indicated that Saudi Arabia may turn to minerals after the growth expectations in the Kingdom suffered a strong blow, from 8.7% last year, to 3.7% in 2023 and 2.3% in 2024. According to the World Bank, due to the economic downturn in the main countries that trade with the Kingdom.

    The report highlighted that religious tourism in the Kingdom is witnessing good signs, as well as the government's capital spending, mining and minerals, especially copper, which Riyadh expects "a huge increase in demand for, as it is a major mineral that is a conductor of renewable energy."
    [rtl]Related articles[/rtl]

    The report dealt with the upcoming currency crisis in Iran, pointing out that the World Bank revised expectations of a decline in growth to 2.2% this year and 1.9% in 2024, as a result of slowing growth in partner countries and competition from discounted Russian oil, as well as lower domestic demand due to high inflation. Unless there is a breakthrough in the nuclear deal.

    [url=https://www.alsumaria.tv/Entity/47522/%D9%82%D9%86%D8%A7%D8%A9 %D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3/ar/]Suez Canal[/url]
    It is also expected, according to the report, that the growth rate in [You must be registered and logged in to see this link.] will decline from 6.6% in 2022 to 4.5% this year and 4.8% in 2024, due in part to the continuing food and energy crisis as a result of the Ukraine war.

    However, Cairo has taken preemptive steps, agreeing with the [url=https://www.alsumaria.tv/Entity/44814/%D8%B5%D9%86%D8%AF%D9%88%D9%82 %D8%A7%D9%84%D9%86%D9%82%D8%AF %D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A/ar/]International Monetary Fund[/url] this month on a $3 billion financial support package, liberalizing the exchange rate and reducing the military's role in state-owned enterprises.

    [You must be registered and logged in to see this link.] is also working to raise the growing revenues of the [url=https://www.alsumaria.tv/Entity/47522/%D9%82%D9%86%D8%A7%D8%A9 %D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3/ar/]Suez Canal[/url], which contributed to achieving record revenues last year.

    [You must be registered and logged in to see this link.] is optimistic about the energy market,
    as the World Bank revised the expected growth rate for [You must be registered and logged in to see this link.] up to 2.3% this year, supported by higher public spending and unexpected energy revenues that amounted to $50 billion in 2022, compared to $34 billion the previous year.

    [You must be registered and logged in to see this link.]'s economy grew by 3.75% last year. Algerian oil company Sonatrach expects another strong year in 2023.

    [You must be registered and logged in to see this link.] INVESTS IN HYDROGEN

    While [You must be registered and logged in to see this link.]'s energy sector, with its focus on renewables and clean hydrogen, remains the main driver of the country's economic progress, according to Salem [You must be registered and logged in to see this link.][You must be registered and logged in to see this link.]'s Minister of Energy and Minerals, in an exclusive interview. With [url=https://www.alsumaria.tv/Entity/3471865043/Al Monitor/ar/]Al Monitor[/url] this month.

    The Omani economy grew by 4.5% last year and is expected to grow by 3.9% this year.

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