Following the austerity measures imposed by Saudi Arabia, another rich Middle Eastern country, Qatar is facing the same crisis.

Anbound's research team points out that should the low oil prices persist, the rich Middle Eastern countries that have been highly reliant on oil production will be affected greatly, their fiscal situation will worsen and the national gross income and the national welfare will be reduced greatly and "petrodollar" will reduced significant.

As most of them are single-industry countries, the low oil price will be a total disaster for them.