Tuesday, October 2, 2007

Middle East Econmics Summary #2

There has been an increasing amount of different things happening in the Middle East when it comes to economics. Because the US dollar increasing to lose value and now in Iran it is predicted that if the US dollar oil will cost $90 a barrel not the $81 it is now. Also in Saudi Arabia they are offering up the right to manage their main international airports. They are having an auction for this right which could either help or hurt the nations economy. Another thing that is going on in the middle east is that in Algeria the government has dissolved 120 state-owned companies. Many deals are being made right now, for example the company Algerie Telecom which is a company of a number of international telecoms companies have been trying to get a 35-51 percent stake in the state operator.

1 comment:

Justin Scott said...

You have a nice varitey of stories Steph; can you make any connections among the stories, based on the history themes?