No petrodollars! Gulf dream's over


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Yukon   
Member since: Oct 04
Posts: 10
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Post ID: #PID Posted on: 15-10-04 00:19:13

http://timesofindia.indiatimes.com/articleshow/885684.cms

There was a time, some three decades ago, when Saudi Arabia was on a roll. The coffers of this desert kingdom, as also those of neighbouring Gulf states, were overflowing with petrodollars, affording their kings, sultans, emirs and princes the luxury of lavish public sector spending and assuring the Arabs cradle to grave benefits without having to work for them.
All this is about to change for the worse, affecting more than a million Indian expatriate workers in Saudi Arabia. And the state that will be hit the most is Kerala





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