Staggering Gulf States Economies , Due to Low Oil Prices , Pushes for Thousands of Layoffs


Staggering UAE economyJNN 27 May 2016 Dubai : Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf’s wealthy oil states are hunkering down for a long period of austerity as low crude prices pressure their economies. Continue reading

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Oil Settles Below $39 a Barrel for the First Time Since Feb. 2009


Oil Prices Plunges to Below US$39JNN 26 Aug 2015 NEW YORK—Oil prices plunged to fresh six-year lows Monday on concerns about a slowdown in Chinese demand and growing crude-oil supplies in the U.S. Continue reading