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GCC’s current account surpluses will double

Region’s foreign assets estimated at $1.7tr

By Babu Das Augustine, Deputy Business Editor
Published: 00:00 May 5, 2011

Dubai: The combined external current account surplus of the countries of the Gulf Cooperation Council (GCC) is set to more than double this year to about $292 billion (Dh1.07 trillion) from $123 billion, the Washington headquartered Institute of International Finance (IIF), a global association of financial services firms with more than 430 member institutions, said yesterday.

Read more….

http://gulfnews.com/business/economy/gcc-s-current-account-surpluses-will-double-1.803463


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