US Secretary of State John Kerry will present proposals on ending Yemen's conflict and resuming peace talks in meetings with Saudi leaders over the next two days, a senior US official said on Wednesday.
Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf states are hunkering down for a long period of austerity as low crude prices pressure their economies.
It is high time the Gulf states relied on their own abilities and strengths and above all became more realistic in their relations with the US, a former member of the Saudi Arabian Shura Council has said.
Fuel subsidy reforms by Gulf states will help reduce pressure on budgets but are not enough to offset deficits resulting from low oil prices, ratings agency Moody's said.
Share prices in the Gulf states fell sharply as oil dived to an 11-year low and China triggered a global markets rout.
