IslamicFinance.de

The World Bank’s Corporate Secretary Mahmoud Mohieldin expects that gulf oil exporting countries will be affected by the decline in oil prices, welcoming reform measures taken by these countries which include general monetary policies and diversification of income sources. Dr. Mohieldin said that there are golden opportunities in the year of 2016 in light of the declining prices of both mineral products and agricultural goods. The golden opportunity for Arab countries is to take advantage of those declining prices to develop domains of construction and agricultural, alongside other sustainment projects of renewable energy, thus diversifying income sources and endorsing economic reform, growth and stability.