EconSource: Cheap Oil Weans Gulf State Firms Off Public Purse, Pushes Them to Market

Gulf state-linked firms are being forced to wean themselves off direct government funding and focus more on capital markets and private investment as they push ahead with projects in an era of cheap oil. Prior to the global drop in oil prices, building projects were funded entirely by the government. However, Gulf governments are scaling … Continue reading EconSource: Cheap Oil Weans Gulf State Firms Off Public Purse, Pushes Them to Market