LEADER­BOARD

Fis­cal rat­ings in­di­cate Gulf economies have a range of tools to deal with eco­nomic and geopo­lit­i­cal tur­bu­lence

CEO Middle East - - CONTENTS -

DATA FROM FIRST ARAB BANK ON THE GCC AND ITS OIL REV­ENUES, FIS­CAL DEFICITS, AND OTHER IN­DI­CA­TORS

The chart shows that Gulf sov­er­eigns are rated favourably as com­pared to many of their peers within the EMEA re­gion. In­deed Abu Dhabi and Kuwait have main­tained their AA rat­ings from all ma­jor rat­ing agen­cies de­spite the re­cent lower oil price en­vi­ron­ment. The rat­ings of these sov­er­eigns un­der­pin the fact that they have sub­stan­tial re­serves and a range of tools avail­able to them to deal with such a sit­u­a­tion in­clud­ing re­gional geopo­lit­i­cal threats.

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