For almost three decades, the economies of the GCC have experienced substantial economic progress in large part due to their oil revenues. These revenues have traditionally contributed between 70 to 90 per cent of state budgets in GCC countries, but recent conditions have seen them cut almost in half. In this episode of Thomson Reuters MENA Talks, Antonio De Gregorio, Head of Tax & Accounting, MENA, speaks with Dr. Nasser Saidi, the former Minister of Economy and Trade for Lebanon, on how the GCC countries may diversify their economies beyond this resource and diversify their income generation.