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Gulf's oil sector to slow down in 2013: NBAD
- Middle East: Sunday, March 03 - 2013 at 05:05
The National Bank of Abu Dhabi (NBAD) has said growth of the hydrocarbon sector's gross domestic product in the GCC is expected to fall from 4.5% in 2012 to around 1% this year, on the back of an expected slowdown in oil production, Khaleej Times has reported. "Any pressure on oil prices will limit gains in heavyweight petrochemical stocks," the bank said.
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