DUBAI http://www.teammlbbrewersshop.com/authentic-tyler-thornburg-brewers-jersey/ , Sept. 15 (Xinhua) -- The Arab Monetary Fund (AMF) said on Tuesday the Arab economies are poised to grow by 2.8 percent in 2015 and by 3.5 percent in 2016, amid an expected rebound in oil prices and in global demand.
The expected growth rate of the world economy has been revised down to 3.3 percent in 2015 by several international organizations due to the less-than-expected performance of the U.S. economy, the continuation of worries about eurozone economic recovery, and the geopolitical risks and some weakness in the emerging market economies, according to a report by the AMF.
On the other hand, Arab economies are poised to grow stronger in 2016 as "international organizations expect world economic growth to increase to 3.8 percent due to improved economic prospects in both developed and developing economies."
The growth rate of Arab oil exporting countries is expected to decline to 2.7 percent in 2015 compared to three percent in 2014 http://www.teammlbbrewersshop.com/authentic-travis-shaw-brewers-jersey/ , the report said.
The report quoted "international organizations" as expecting oil prices to decrease by around 40 percent in 2015 and to rebound by nine percent next year amidst enhanced growth expectations.
Higher oil prices anticipated in 2016 will reflect positively on the levels of economic activity in oil exporting countries.
The growth rate of Arab oil exporting countries is estimated to rise to 3.4 percent in 2016 supported by rising Gulf Arab countries' growth rate.
The gross domestic product of other Arab oil exporting countries, except Algeria, is anticipated to contract in 2015, reflecting the impact of declining oil prices on the economies of these countries, which will be compounded by the effects of internal developments.
MONTEVIDEO, June 27 (Xinhua) -- Uruguayan President Jose Mujica Friday defended and welcomed back to the country Luis Suarez http://www.teammlbbrewersshop.com/authentic-stephen-vogt-brewers-jersey/ , the star forward who was ousted from the World Cup and temporarily banned from football for biting an opponent.
During his regular radio broadcast, following the footballer's arrival in the capital Montevideo, Mujica said the disciplinary measures against Suarez were a "monstrous aggression, not just against a man, but also against a country."
"We'll never understand the truculence, the form http://www.teammlbbrewersshop.com/authentic-scooter-gennett-brewers-jersey/ , the procedures applied" against Suarez, said Mujica.
The disciplinary committee of world soccer body FIFA suspended Suarez from playing in nine national team matches, banned him from any football-related activity for four months, and fined him 112, 000 U.S. dollars.
FIFA said Suarez bit Italian midfielder Giorgio Chiellini during a group phase match that Uruguay won 1-0, eliminating the Italians from the cup.
The incident marks the third time Suarez has been penalized by FIFA for biting an opponent on the field http://www.teammlbbrewersshop.com/authentic-ryan-braun-brewers-jersey/ , but this time the penalty has greater repercussions, since it prevents him from taking part in Saturday's World Cup match against Colombia in Rio de Janeiro.
The penalty "will forever be an embarrassment in the history of the World Cup," said Mujica.
"He is a boy genius whose intelligence is in his feet. (He is) brilliant on the field, he couldn't stand a moment of over excitement, he couldn't stand it and he exploded," Mujica said of the biting incident.
Mujica said he was at the airport "at 5:30 am with the family to welcome him http://www.teammlbbrewersshop.com/authentic-robin-yount-brewers-jersey/ , on a cold morning but with a warm heart," and "in the middle of the airstrip I gave him a humble hug and invited him to continue living and struggling."
"I tried to be a symbol for the affection of the Uruguayan people, which under these circumstances don't judge, they surround you with affection," said Mujica.
The castigated national team forward landed at Montevideo's Carrasco International Airport aboard a private charter flight and headed straight home to Ciudad de la Costa, near the capital.
Hundreds of football fans had converged on the airport Thursday evening http://www.teammlbbrewersshop.com/authentic-paul-molitor-brewers-jersey/ , when Suarez was originally scheduled to arrive, but as his flight was delayed, fans gradually left the building.
Media reports said Suarez had not ventured outside his home as of midday Friday.
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