Financial Markets

Monday, Nov. 28, 1983
By John Greenwald;Barry Hillenbrand/Bahrain
Falling revenues force Persian Gulf states to curb their spending
For most of the past decade, the money flowed like oil from the local gushers. All told, nearly $1 trillion poured into the sparsely populated, energy-rich Arab states along the Persian Gulf.* Now that stream has dwindled sharply. This year [...]

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