gcc arab states

Abu Dhabi Lays Off Staff as Gulf Austerity Tightens

By Stanley Carvalho ABU DHABI, May 22 – Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf’s wealthy oil states are hunkering down for a long period of austerity as low crude prices pressure their economies. Since mid-2015, the United Arab Emirates (UAE), Saudi Arabia, Qatar and other countries

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