How the Gulf states are coping with the new normal of low oil prices

The falling price of oil is beginning to have a real impact on the energy-fuelled economies of the Gulf. In 2014, after almost a decade of record highs, the price of a barrel of Brent crude began to collapse from a peak of US$140 to less than US$30. Saudi Arabia is lining up a US$2 trillion sovereign wealth fund to see it through the twilight years of the oil era