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August 11, 2005
Rutledge: 'Is Iraq War Fueling the GCC's Economic Boom?
Emilie Rutledge, an economist currently based at the Gulf Research Center in Dubai, contends in an August 10, 2005 article at Al-Jazeera,Net that, Since the US-led invasion and occupation of Iraq, the price of oil has steadily climbed upwards. A barrel of oil today costs twice as much as it did on the eve of combat, back in March 2003.
"At the same time," Ms. Rutledge added, "all six Gulf Cooperation Council (GCC) states - Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates, and Saudi Arabia - have experienced levels of economic growth not witnessed since the 1970s.
For more, see "Is Iraq war fueling the GCC's economic boom?"
Posted by Munir Umrani at August 11, 2005 10:12 PM
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