“The GCC governments and peoples should realize that the boom period is over. We must all get used to a certain type of lifestyle that does not rely entirely on the state,” Saudi Arabia’s ruler warned. “The upcoming period needs the private sector to assume part of the responsibility which has up until now been carried by the state,” he told his fellow leaders from the six Gulf Cooperation Council countries. The words could have come from Deputy Crown Prince Mohammed bin Salman, who spoke about the need for economic reform in a lengthy interview with the Economist newspaper on Jan. 4, 2016. In fact they were spoken […]