10.03.2014 - Moody's warns Gulf states over oil price decline |
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 |