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Moody’s warns Gulf states over oil price decline

Posted on 10 March 2014

The effects on the economies of Gulf Cooperation Council (GCC) countries would be negative to neutral under an adverse scenario in which oil prices decline to $90 per barrel by 2020, according to Moody’s Investors Service.
In a new report, the rating agency said Oman and Bahrain would be most at risk of such a scenario while the UAE and Saudi Arabia would also face reduced “financial flexibility”………………………………………..Full Article: Source


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