Global Journalist: Falling Oil Weighs on Mideast Economies
The sharp decline in oil prices over the past 18 months is good news for consumers in many countries. But in oil exporting countries in the Mideast it's leading to layoffs, higher taxes and sharp cuts in government services.
On this edition of Global Journalist, a look at the losers from the 70 percent drop in oil prices over the past two years.
Joining the program:
- Mayank Singh, group editor of United Media Services, publisher of the Oman Economic Review in Muscat, Oman
- Renad Mansour, fellow with the Carnegie Institute for International Peace in Beirut, Lebanon
- Alexander Cornwell, oil reporter for the Gulf News in Dubai, United Arab Emirates
- Georgi Kantchev, oil reporter for the Wall Street Journal in London, U.K.