Lebanon

Against the backdrop of a global economic recovery, the macroeconomic prospects for Jordan, Lebanon and Syria are improving, although the Dubai World 'default' has dented the outlook for the Gulf somewhat, and could hit confidence more locally too. Moreover, the region remains as politically eventful as ever. As we went to press, Lebanon had finally formed a government, with the apparent help of Syria, which is likely to boost Damascus' power in the region, while Jordan's King had just taken the surprise decision to dissolve parliament and call new elections. 2010 will certainly be interesting and, we think, should bring

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