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Subject

Prospects for Middle Eastern oil economy to end-2022.

Significance

Oil revenues to the Middle Eastern Arab oil-exporting countries have surged in 2022, driven by record oil prices and increased export volumes. This has enabled flows of aid, investment, people, remittances and trade between the oil exporters -- Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) -- and importers Jordan and Lebanon.

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