Middle East states seek to stave off global downturn 

World Bank report portends trouble for fragile economies; Saudi Arabia looks to copper; Oman invests in hydrogen; Egypt floats its exchange rate; Iran’s currency crisis; Algeria expects to profit. 
Middle East oil
Flare stacks burn off excess gas at the Nahr Bin Omar oilfield in Iraq's southern province of Basra, on Oct. 25, 2021. - HUSSEIN FALEH/AFP via Getty Images
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This is going to be a terrible year for the global economy.

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