Published on Al Arabiya News
Speaking to Al Arabiya News from Manama, program director at Bahrain's Center for Strategic, International and Energy Studies Omar al-Ubaydli told Al Arabiya News that while in the short term Bahraini citizens will feel the pinch, economic reforms are much needed during the current climate.
“The GCC subsidy system needs to be reformed because it is not serving its purpose: it is an ineffective and very expensive way of redistributing to the poor, and with declining oil prices, all the GCC countries will reform their subsidies. In this sense, it is an unsurprising development,” Ubaydli said. Continue
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