fundamentals remain satisfactory

economic growth (respectively 7.2% and 6.0%), but the cheap hermes bagpace is expected to slow in 2013 (+4.0%) and 2014 (4.3%). Saudi Arabia and the United Arab Emirates (UAE) - the two main contributors - are expected to grow by 4.0% and 3.5% respectively in 2013, and 4.5% and 4.0% respectively in 2014. h on a state-by-state basis in the coming months following licensing approvals from local U.S. insurance regulators.

Last month Euler Hermes added an Excess of Loss team, also Gucci cosmetic case bagbased in New York, which offers large and multinational companies protection from exceptional trade-credit losses. d by "Old Europe", future Arabic champions ("Abtal") and "Asian Gateway" country clusters. In 2013, overall regional economic growth of +0.4% should strengthen to +1.8% in 2014, with diverging growth rates between "Old Europe" (-1.0% in 2013 and +0.4% in 2014) and the rest of the region (+3.0% and +4.1%). While advanced economies will remain the trade and logistics hubs for the region, growth dynamics, opportunities and Anya Khalamayzer is Assistant Editor of Risk for PropertyCasualty360-National Underwriter. Khalamayzer graduated from CUNY Baruch College after intensive internships with Time Out New York Kids and Crain’s Investment News. Keenly interested in environmental science, music and the arts, her articles have been published in Gotham Gazette, Wonkster blog and Ear to Mind magazine.

She can be reached at - Financial fundamentals remain satisfactory: current account surplus, fiscal balance and large foreign exchange reserves. GCC countries, with a strategic position as major global oil exporters, benefit from a strong commercial and budgetary position. The expected oil production decline in 2013, driven by lower U.S. demand due to the development of shale gas and China's slowing growth, will involve a slight budget surplus decrease, which should be partially offset by an increase in non-oil exports. - Pro-active policies support growth. In Saudi Arabia, public spending will underpin 2013 and Gucci boho2014 economic growth. The current five-year plan (2010-2014) aims at developing and improving infrastructure and investing in human capital through education and training. In addition, following the Arab Spring events of 2011, the Government announced two major programs to su