Debt Crisis Intensifies For Oil Economies – OilPrice.com
Dubai. Abu Dhabi. Bahrain. And, of course, Saudi Arabia. The two emirates issued debts this year for the first time in years. Bahrain too. Saudi Arabia has stepped up its debt issuance. These movements are typical of the oil-dependent Gulf economies. When things are going well, the money flows. When oil prices collapse, they issue […]
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