Despite the associated challenges with the recent oil price volatility, the forecast for the petrochemicals remains positive, due to attractive investment environments, government commitment and future demand, said speakers at the 10th Annual Forum, organised by the Gulf Petrochemicals and Chemicals Association, or GPCA.
The sixth annual dialogue between the 28-member European Union and the six-member Gulf Cooperation Council, GCC, concluded on Thursday after a fruitful discussion and exchange of views on the economic situation as well as on the impact of oil prices drop on the economies of the two blocs.
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"With this dialogue here we want to address macro-economic issues including fiscal and monetary structural reforms."
The inflation numbers are unlikely to shift the broader picture of a US central bank on the cusp of raising rates.
The Indian finance minister says the price dropping below $40 keeps inflation under control.
Dubai can be a key partner to Africa due to its strategic location, stable economy and sound economic policies.
Like other Gulf oil-exporting states, Bahrain has for many years subsidised goods and services such as food, fuel, electricity and water.
Shaikha Fatima awarded for her contribution to women empowerment at Arab Businessmen and Investors Conference.
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