BEIRUT: A deal between Iran and the West over Tehran's nuclear program would revive the Islamic Republic's economy and push GDP growth to the 5-6 percent territory in the next fiscal year, Garbis Iradian, the International Institute of Finance's deputy director for the MENA region, told The Daily Star.
The state argued that Columbia Union qualifies as a pervasively sectarian institution, but Garbis disagreed.
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Garbis said such gag agreements between governmental entities and individuals are common nationwide and ample legal precedent exists upholding their constitutionality when people sign the settlements voluntarily and knowing the rights they forfeit in return for the payment.
Import substitution policies and local content targets in areas such as defence procurement could stimulate activity, but will take time," said Garbis Iradian, chief economist at the Mena of Institute of International Finance (IIF).
We expect non-oil activity to pick up modestly in 2017 as fiscal drag eases and consumption spending rises in the second half of 2017, ahead of the introduction of value added tax [VAT] in 2018," said Garbis Iradian, Chief Economist Africa Middle East, IIF.
6 per cent of gross domestic product, according to Dr Garbis Iradian, chief economist of the Institute of International Finance, or IIF.
The CPI series for Lebanon is distorted," Garbis Iradian, deputy director for Africa and Middle East at the Institute of International Finance told The Daily Star.
Fereydun ``Fred'' Shahidzaeh was convicted of two counts of murder in the deaths of 52-year-old Garbis Tarakjian and his 45-year-old wife, Mayda, who were each shot several times on May 25, 2002.
5 per cent following the announcement," said Garbis Iradian, Chief Economist, Middle East and North Africa (Mena), Institute of International Finance.
In the context of moderating growth rates in emerging economies and relatively slow growth in the developed economies, the UAE growth rate ranks among the most robust around the world," said Garbis Iradian, Deputy Director of IIF, Africa/Middle East.
Dr Garbis Iradian, IIF deputy director for the Africa and Middle East Department and principal author of the report, said growth in the UAE is expected to moderate to 3.