Friday 30 January 2015

Oil price fall leaves Gulf states with difficult reform choices - FT.com

Oil price fall leaves Gulf states with difficult reform choices - FT.com:



"Gulf states may have their political differences with Iran but they share a common taste for Persian bread, a staple through the region.



So when Iranian bakers working in Kuwaiti co-operative societies went on a five-day strike this month, public outrage grew as the price threatened to rise above eight US cents per flaky flatbread.



The industrial action, which was sparked by increases in the price of the kerosene that fires the bakers’ ovens after fuel subsidies were lifted, ended when the bakers were promised a return to subsidised rates."



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