Description
Oil prices might see some signs of stabilization given the discussions between Saudi Arabia and Russia in February 2016 to freeze crude oil production. Most of the oil exporting economies in the Middle East and African region, barring Qatar and United Arab Emirates due to their well-diversified economy, ended 2015 with abysmal economic fundamentals due to tanking oil prices. Egypt, however, is back to the growth track followed by political stabilization with a new governmental election in Q4 2015.
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