UAE. With proven oil reserves of approximately 115 billion barrels, Iraq's oil industry has seen considerable growth. The opportunities, however, are not without their challenges. The existing legal framework within which the IFG and the KRG operate is based on constitutional provisions.
UAE. "Prospects for economic growth in the Gulf region remain healthy for the next few years. We expect most Gulf banks to continue to benefit from robust corporate activity and consumer consumption over the next 18-24 months."