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Email this article: Middle East to spend US$294bn on oil and gas spend on projects
Posted: Thu February 23, 2017 11:34 am
UAE. New MEED Insight report shows how lower oil prices have reshaped Middle East investment strategies in oil, gas and petrochemicals projects.
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UAE. A recent study by The Boston Consulting Group found that, in 2016, GCC banks' revenues grew by 5.2%, down about 2 percentage points from 2015; The impact of the decline in oil prices has hit the banking industry; Profits declined by 3.2% for the first time since 2008.
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