Resources tagged gulf-cooperation-council
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CNBC - What a future without oil looks like for the Gulf countries
Once a region seeing vast flows of wealth due to natural petroleum resources, the market slowdown and plunging oil prices have placed the Gulf Cooperation Council (GCC) in a position of economic uncertainty. In 2020 a report by the International Monetary Fund projected that the GCC's financial wealth of$2 trillion could be depleted by 2034 CNBC’s Nessa Anwar and Hadley Gamble discuss the GCC’s challenges, from economic diversification (e.g. tourism, hydrogen) to their internal disagreements
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