Kuwait’s Finance Minister Bader Meshari Al Humaidhi has said he believes the oil price boom is coming to an end, reported Gulf News. Al Humaidhi added that, despite the region’s liquidity, the GCC faces some major issues, including the need to diversify economies away from oil as well as finding employment opportunities for locals. While countries like the UAE have focused on diversification, 94% of Kuwait’s budget comes from oil.

Via AMEInfo.