Standard & Poor's has said that it believes Gulf economies will remain insulated from economic and political turbulence in the broader MENA region, and globally.
The rating agency - which rates Abu Dhabi, Bahrain, Kuwait, Oman, Qatar, Ras Al Khaimah, and Saudi Arabia - said in a new report that the outlook was stable for all of them.
However, S&P added that despite the GCC's relative wealth, and its forecast for 4.6 percent GDP growth in 2013, structural challenges "continue to constrain sovereign ratings".
"There are still particular shortcomings in the effectiveness and predictability of policymaking in the GCC," S&P's credit analyst Dima Jardaneh said.
Read more: http://www.arabianbusiness.com/s-p-upbeat-on-gcc-economic-growth-in-2013-489598.html
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