Touted progress in diversifying Gulf economies beyond the fossil fuel rent comes with a caveat. Oil and gas revenues indirectly propel large chunks of the non-oil economy through public expenditures such as wages, subsidies and infrastructure spending.
Russia makes play for Gulf money iraqinews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iraqinews.com Daily Mail and Mail on Sunday newspapers.
Grappling with sanctions and an exodus of foreign firms, Moscow is looking to investors from oil-rich Arab Gulf states as the West locks it out over the war in Ukraine.
Russia makes play for Gulf money - AFR | Online Free Press release news distribution topwirenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from topwirenews.com Daily Mail and Mail on Sunday newspapers.