 "The Economist (US)")
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The rise of the Gulf - The rise of the Gulf; Gulf economies.(Middle East)
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The Gulf is managing its wealth better during this boom than it did during the last one
MOST countries earn their keep through effort and ingenuity. Those of the Gulf owe their living to geological serendipity. The harder China works, the faster India grows, the higher oil prices climb.
The Gulf swells with confidence or despair depending on the price of "Arabian light" or "Oman blend". Five years ago, though up from its $9 low in the 1990s, the oil price stood at a mere $26 a barrel. Many of the Gulf's governments were indebted and insecure. Saudi ...
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