From Arabian Business
''The report, produced by ICAEW's economics partner Cebr (Centre for Economic and Business Research), said earlier forecasts for Middle East economies were conservative as a result of the volatility in the Eurozone and slowing global economic activity at the end of 2011.
"While uncertainty in the Eurozone remains, money printing by Western central banks has contributed to higher oil prices than previously expected, providing a fillip to the Middle East," it said.''
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