The Independent: Bahrain Threatened to Run out of Money within Coming 5 Years

2016-08-09 - 5:36 م

Bahrain Mirror- Exclusive: The British Independent newspaper published a chart in which it indicated that "Iraq, Iran, Oman, Algeria, Saudi Arabia, Bahrain, Libya and Yemen are among the Middle Eastern countries that could run out of money in less than five years."


The chart explains that "large budget deficits in Iraq, Iran, Oman, Algeria, Saudi Arabia, Bahrain, Libya and Yemen means that if these countries do not seek to diversify their economies or borrow money, they will run out of cash in five years or less."

The International Monetary Fund indicated that running out of money is due to "fall in the oil price", according to the newspaper.

Some Middle Eastern countries, such as Kuwait, Qatar and the UAE, have shifted away from their reliance on oil, after prices fell by more than half in a year.

The Independent added "Of these Iran, which is less reliant on oil, is expected to fare better than countries that suffer from conflict, such as Libya and Yemen."

Arabic Version    

التعليقات المنشورة لا تعبر بالضرورة عن رأي الموقع

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