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Govt firms ‘better placed to resist low oil prices’Large GREs in the GCC are better positioned to withstand low oil prices, said S&P Global Ratings in a report, adding that the governments are on a path to addressing the fiscal deficits through various forms of expenditure reform. More… |
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GCC must adopt new strategies to handle fiscal crisisWhile every GCC government has announced spending cuts to conserve budgets, conventional cost-cutting is only a short-term fix and could potentially slow a country’s growth over time, according to a recent study by management consultancy S More… |
