‘Prosperity of the desert countries’I am taking a vacation, and along with this vacation is my choice of topics. On my way to this vacation, I spent two highly packed touristic days through one of the typical prosperous countries in the Middle East -- Qatar. The oil embargo that OPEC (Organization of Oil Exporting Countries) initiated on oil-importing nations in 1973 was led by Saudi Arabia. Saudi Arabia is the most powerful nation in this region with a per head GDP of $71,370 and a population of 37 million people. The World Bank describes countries with gross incomes between $4,466 to $13,847 as upper middle income developing countries.

Source: Philippine Star June 27, 2024 07:27 UTC