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Tag Archives: Gulf states

Thousands of Ugandans stranded in Gulf states

Busia, Uganda | THE INDEPENDENT | Up to 2400 Ugandans trafficked to Gulf countries last year are loitering the streets there without jobs, Uganda’s Ambassador to the United Arabs Emirates (UAE)  has revealed. Ambassador Zaake Kibedi said that most of the affected are females who were trafficked to countries like …

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Without reforms, Gulf oil wealth could vanish by 2034: IMF

Dubai, United Arab Emirates | AFP | Energy-addicted Gulf states must undertake much deeper reforms or risk seeing their wealth drain away in 15 years as global demand for oil slides, the IMF warned Thursday. “At the current fiscal stance, the region’s financial wealth could be depleted by 2034,” the International …

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