Moody's: Persian Gulf economies strained

Moody's: Persian Gulf economies strained Dubai, United Arab Emirates (UPI) May 26, 2016 - Fiscal reforms are just part of the picture for Middle East economies working to adapt to an era of lower crude oil prices, Moody's Investors Service said. Moody's said last week the drop in crude oil prices, off more than 50 percent since the middle of 2014, has undermined the economy and finances for members of the Gulf Cooperation Council: Saudi Arabia, Kuwait, the United Arab Emirat ... more

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