ArabianMoney is based in Dubai so it is only to be expected that our viewpoint is biased towards what is best for the Gulf States as Dubai is the trading hub city of this region. It is simplistic but accurate to say that the oil price counts more than anything else here.
It is therefore not heart warming to hear that oil prices have dropped to their lowest in four months because of worries that the eurozone debt crisis will sharply slow the European economy and reduce demand for fuel.
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