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July 6, 2005       Share:    

Source: http://www.msnbc.msn.com/id/8270659/site/newsweek/

Arabian Might

(Newsweek) Carla Power - With benchmarks for oil rising fast, Middle East economies grew 5.6% last year, recording the highest per capita growth rate in a generation and triggering an unexpected golden era that shows no sign of ending soon. Last year Saudi Arabia based its budget on a forecast of $19 a barrel; the average price over the year was $35, giving Riyadh the biggest surplus in Saudi history.

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