Gulf States - Most countries earn their keep through effort and ingenuity. Those of the Gulf owe their living to geological serendipity. The harder China works, the faster India grows, the higher oil prices climb. The Gulf swells with confidence or despair depending on the price of “Arabian light“ or “Oman blend“. Five years ago, though up from its $9 low in the 1990s, the oil price stood at a mer...
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