The falling price of oil has a positive effect on the real economy, as well as a set of negative consequences, which have plagued Lebanon's economy since early 2011.
The country has made great headway in offshore pipe laying and platform construction.Plans are under way to transform Iran into the region's number-one supplier of petroleum equipment and items.
The Middle East will need to invest $18 billion in the next five years on new pipelines and associated infrastructure ensuring a high volume-to-weight ratio, according to International Energy Agency (IEA).
QNB Group, one of the World's Strongest Banks and the leading bank in the Middle East and North Africa, continued to record robust growth in profitability.
The GCC states are set to invest more than $200 billion in establishing a wide-network of integrated railways across the region over the next few years.
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