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Satellite image of the Middle East. The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon-exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it ...
Country GDP nominal billions of USD List of countries by GDP (per capita) Afghanistan 19.8: 508.81 Algeria 145.2: 3,310.39 Comoros 1.2: 1,402.60 Djibouti 3.4: 3,425.50 Libya
Middle East economic integration refers to the process of improving economic cooperation, coordination, and connectivity among countries in the Middle East and North Africa (MENA) region. This process aims to create a unified economic space that allows for the free movement of goods, services, capital, and labor across national borders within ...
The International Monetary Fund said on Thursday an escalation of the conflict in the Middle East could have significant economic ramifications for the region and the global economy, but commodity ...
Pages in category "Economy of the Middle East" The following 9 pages are in this category, out of 9 total. This list may not reflect recent changes. ...
It has a powerful and cohesive community which at times acts like a cultural defence wall [2] against the Western influence and, as a result, limits the use of European languages in the Middle East. The rejection of globalization also appeared due to the political systems that governed the Middle East. [2]
President Bill Clinton (R) speaks to the Emir of Qatar, Hamad bin Khalifa al-Thani (L), during a meeting in the Oval Office at the White House in Washington, D.C., in June 1997.
In 1951, the first offshore field in the Middle East was established by Aramco at Raʾs Al-Saffāniyyah area. [29] By 1949, Saudi oil production reached 500,000 barrels per day (bpd) and rose rapidly to 1 million bpd in 1954.