Oman, Qatar and Bahrain have increased pump prices by between 30% and 60%, in a bid to reduce government spending in a period of low oil prices. They join the UAE and Saudi Arabia on the long road to economic reform.
The recent and unexpected rise of Gulf region economic reform has gathered pace with announcements on 11 January by Oman and Bahrain of increased prices for transport fuels. Qatar followed suit with a surprise 14 January announcement that gasoline prices would rise at...
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