The End of the Middle East’s Oil Bonanza
Hussain Abdul-Hussain, 09:10 - Reading : 5 minute(s)
Middle East Lebanon Bahrain Damascus Gulf
The Middle East has finally arrived at the grim reckoning long barreling toward it: a ruinous collapse of oil revenues that renders government deficits utterly unsustainable. Among the wealthy Gulf Cooperation Council (GCC) states, four are running persistent annual budget deficits that are eroding their sovereign wealth reserves and plunging ...










