Gulf states feeling the pinch as oil prices remain low - FT.com

Gulf states feeling the pinch as oil prices remain low - FT.com:



"Gulf states are beginning to feel the pinch from the slump in crude prices.



The region’s governments, cushioned by large financial buffers, have been telling financial markets for months that there will be little change in their investment behaviour despite crude prices almost halving since the summer.



Gulf officials have also sought to reassure citizens that this period of low oil prices will be temporary, and reaffirmed their commitments to maintain core spending directed towards improving social conditions."



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