Gulf braces for tough times over oil plunge – Belt-tightening has alre
 

19-12-14 01:09 PM

The six nations of the Gulf Cooperation Council (GCC) – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – could soon start reeling from falling oil prices, which have dropped by half from their 2014 highs to around $60 a barrel.

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