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<title>40% probability of a small (3-5%) AED reval in 2007</title>
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<pubDate>Mon, 26 Mar 2007 09:06:00 +0400</pubDate>
<description><![CDATA[The GCC central bank governors&#039;s meeting next week is a key focus. While we expect no immediate changes to FX policy to be announced, it is clear that the region is moving in this direction.]]></description>
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<title>Outlook 2007: From Great to Good</title>
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<pubDate>Wed, 17 Jan 2007 12:52:41 +0400</pubDate>
<description><![CDATA[The outlook for 2007 remains positive. However, growth rates are likely to slow from their stunning pace of the past four years, particularly in the Gulf Cooperation Council countries.]]></description>
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<title>Saudi Arabia: Reform continues</title>
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<pubDate>Wed, 13 Dec 2006 09:53:48 +0400</pubDate>
<description><![CDATA[1) Strong economic performance in 2006. 2) Investments to drive growth going forward. 3) Some formalisation in the political process.]]></description>
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<title>Iran: Troubling times ahead for the economy</title>
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<pubDate>Wed, 13 Dec 2006 09:42:32 +0400</pubDate>
<description><![CDATA[1) Macroeconomic management continues to deteriorate. 2) Economic expansion is being driven by higher government spending. 3) Current policies unsustainable in the medium-term.]]></description>
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<title>What if this time isn&#039;t different?</title>
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<pubDate>Wed, 13 Dec 2006 09:24:57 +0400</pubDate>
<description><![CDATA[In May, we wrote about why we believe this time is different compared to the 1970s/1980s boom-to-bust cycle. There were five main reasons why we believe this is the case, but the most crucial factor is our outlook for oil prices. In this article, we examine the outlook under the assumption that oil prices return to their historical average.]]></description>
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