Sunday, September 16, 2007
Middle East Econmics Summary #1
In the middle east there have recently been many influential things going on in economics. In Iran oil is now being sold at more increasingly rates in other currenceys other than the US dollar. They are doing this because of the decrease in the vaule of the dollar. Since Iran relys very heavily on its exports it has been effected by the decrease in the value of the US dollar. Also in Irans oil exports they have been effect by the inflation in the price of oil. Iran is a part of Opec. Now opec members are increasing the amount of barrels a day (an increase of 500,00 barrles). The stock market in Qatar (GDP) is now predicted to rise to $97bn in 2011. Also in Oman the IPO was oversubscribed by 14.5 times.
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1 comment:
You've got a tough topic Steph... make sure you get at least a basic understanding of what these stories mean! Also, can you find any sort of connection among the stories you selected? Do you see any trends?
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