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Email this article: GCC growth remains strong, although below exceptional 2011 level, says IIF
Posted: Wed April 18, 2012 2:38 pm
UAE. IIF sees rising GCC oil production; Foreign exchange reserves on path to exceed US$2 trillion by the end of 2013; GCC banks seen as well capitalized and profitable.
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UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
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