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Gulf states to borrow billions to plug budget deficits: Report
The oil-rich Gulf states are expected to borrow between $285bn and $390bn through to 2020 to finance budget deficits resulting from low oil prices, a report said on Sunday. The six Gulf Cooperation Council states, which heavily rely on oil earnings, are expected to post a shortfall of $318 billion…
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Click here to read the full story: Middle East Eye