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Middle East
Resource Groups In Middle East

1. Israel

  • After experiencing two years of recession in 2001 and 2002 due to the global economic slowdown, IT crisis and inner security problems, the Israeli economy has recovered since 2003. The GDP growth rate was 1.3% in 2003, 4.3% in 2004 and 4.2% in 2005. The IMF forecasts a growth of 3.9% in 2006. High technologies sector is growth's main driving for...
  • UpDateTime : 2008-1-31 9:47:41

    2.Jordan

  • Boosted by the domestic consumption and the war in Irak, the growth remains important in 2005 : the GDP growth was 7.5% in 2004 and 5% in 2006. However, the IMF forecasts a decrease in 2006, the growth rate may be only 2.5%. Moreover, thanks to the recent reforms aiming at liberalizing trade and reviving investments, Jordan shows good economic ...
  • UpDateTime : 2008-1-31 9:49:28

    3.Kuwait

  • After an important increase in 2004, the activity slowdowned in 2005 : annual GDP growth rate was 6.3% in 2004 and 5.6% in 2005. It is estimated at 5.3% in 2006. The Kuwaiti economy heavily relies on oil sector which contributed to 50% of the GDP and 95% of budget resources. Actually, Kuwait holds 10% of world-wide oil resources and is the worl...
  • UpDateTime : 2008-1-31 9:17:15

    4.Lebanon

  • Lebanese authorities have committed in a significant programme of structural reforms in order to straighten out the country's tough economic situation. Lebanon's growth was sustained during the reconstruction period in the 1990s. It gradually crumbled between 1996 and 2000 and has revived since then. GDP growth rate was 4.9% in 2003 and 6.3% in...
  • UpDateTime : 2008-1-31 9:19:14

    5.Saudi Arabia

  • Saudi economy is very dependent on oil revenues : with one-fourth of the world oil reserves available, Saudi Arabia is the largest producer of oil among OPEC members. For a few months, oil prices increase has been profitable to Saudi Arabia. The country rose its production. The country's economic activity was stimulated by high barrel price...
  • UpDateTime : 2008-1-31 9:23:15

    6.Syria

  • The Syrian economy is slowly moving from a nationalised and interventionist economy to an economy that leaves private initiatives play a greater part. The economy's liberalisation only applies to banking sector, for the moment. The government has been trying to adopt a reviving budget policy to go with the moderate economic growth since 2000. The...
  • UpDateTime : 2008-1-31 9:38:23

    7.United Arab Emirates

  • The United Arab Emirates' economy has been surging since 2003 : GDP growth rate was 11.9% in 2003, 7.4% in 2004 and 7.3% in 2005. It may be 6.8% in 2006. This growth is widely due to oil prices and OPEC quotas increase. The United Arab Emirates are located in the South of the Persian Gulf. They are composed of seven Emirates including Dubai and...
  • UpDateTime : 2008-1-31 9:53:27
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