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Bush warns Arabs over oil money
- Middle East: Monday, May 19 - 2008 at 13:51
US President George Bush told Middle East leaders at the World Economic Forum in Egypt that they must curb their reliance on oil money. He said that some countries had become wealthy through hydrocarbons, but warned that supplies are running out, so countries should diversify their economies. 'Over time, as the world becomes less dependent on oil, nations in the Middle East will have to build more diverse and more dynamic economies,' he said.
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StaffMonday, May 19 - 2008 at 13:51 UAE local time (GMT+4)
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