NDTV | Gulf Oil Exporters Should Cut Spending, Diversify: IMF NDTV Dubai: Gulf oil exporters must reduce spending, including subsidies, and diversify their economies to cope with lower revenues caused by the sharp drop in crude prices, the International Monetary Fund said. The wealthy monarchies, however, should "not ... Gulf Oil States Need Swift Adjustment to Lower Prices, IMF Says Oil price decline must hasten policy revision Lower oil prices slows economic growth in GCC |