Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

IMF: Gulf Can Cope With Cheaper Oil

The Arab energy exporting states of the Gulf can cope comfortably with sliding oil prices, an International Monetary Fund official said on Tuesday, as a plunge in regional stock markets showed some local investors were panicking. Brent crude oil dropped below $60 a barrel on Tuesday for the first time since 2009, from around $115 as recently as June. If those levels persist next year, the six rich nations of the Gulf Cooperation Council will face the most dramatic change in their...

Read complete article
© Voice of America -

Follow us on ...
Facebook Twitter