ASSESSMENTS

Declining Oil Prices Present Opportunities for Change

MIN READJul 14, 2015 | 09:00 GMT

The Gulf Cooperation Council states of Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, Qatar and Oman face daunting economic challenges.

Because of relatively high levels of state spending, GCC members have struggled to expand their economies beyond oil and gas. The recent Arab uprisings have brought the region's long-time economic challenges back into the spotlight. The key issues each country faces and potential reform solutions broadly fall into very similar categories....

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