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Middle East’s $2 trillion wealth could just vanish in 15 years
Global oil demand may start falling sooner than expected, straining finances of the Gulf Cooperation Council.
The Arab monarchies of the Persian Gulf face a budget reckoning and risk squandering their $2 trillion in financial wealth within 15 years as oilNSE -2.09 % demand nears peak…
- Anthony DiPaola
- The Economic Times
Global oil demand may start falling sooner than expected, putting a strain on the finances of the six-member Gulf Cooperation Council, which accounts for a fifth of the…
Without decisive economic reforms, the richest Middle Eastern states could exhaust their …