While the World Bank feels that the Middle East economies are fragile and records only very low levels of growth in the past year, the evidence on the ground is somewhat different.
THE price of oil may be at a low level currently and the degree of civil unrest through many countries is alarming, but there appears to be no slowdown in the announcement and completion of upmarket projects.
OK, those projects are not in Syria, Lebanon, Jordan, Yemen, Iraq or Libya, all areas of concern for the World Bank, but there are even some that are on their list of places about which to remain cautious, which are breaking the mould. Egypt is one, Iran is another.
Read the full article in the April issue of InterGame
