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FINANCIAL NEWS
Economic activity in MENA region accelerates in 2017
18 Jan 2017
(MENAFN) The economic situation in the MENA region has shown resilience this year despite mounting political and economic headwinds.
Meanwhile, the region managed to accelerate despite a challenging economic and political climate; the GCC States have performed poorly last year.
Moreover, the region has benefited from Iran’s rehabilitation into the global economy and its surge in oil shipments.
However, the Egyptian pound has lost more than half of its value since the liberalization of the exchange rate in November.
M
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