GCC countries are expected to sustain economic growth despite losses in oil export revenues caused by plunging oil prices, says a new report from the International Monetary Fund.
Gulf Petrochemicals and Chemicals Association (GPCA) says in a statement that regional governments in the Gulf have put innovation as their top national agenda.
Iran will need no more gasoline imports next year when production starts in the major refinery being built in the Gulf, reports Irna citing the oil minister.
The secretary-general of the United Nations, has called for cooperation between the public sector and private enterprises to drive growth and societal change.
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