The Gulf states in 2020-21: Navigating in perilous political and economic waters


Views
Issue 1116 - 10 Dec 2020 | 1 minute read

GSN’s year-end Perspective/Agenda feature provides a look back – and forwards – at key events across the region in 2020-21. It gives an opportunity to update the Risk Grades included with each of our regular Risk management reports. After another year of tragedy, Yemen is effectively a failed state (rated F6, the bottom political and financial grades). Qatar has shown itself to be robust in the face of its neighbours’ boycott, its finances warranting an upgrade to 1, putting it on a par with the UAE. Iraq’s political standoffs and financial woes remain deeply troubling, but the situation is improving rather than deteriorating and the prospect of higher oil prices next year should help further; it has been upgraded from E5↑ to D4↓. Oman’s fiscal challenges continue to mount, prompting a downgrade of its economic rating to 3. 

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

This article is available to registered users

Login

Join our community

Sign up for an account to gain:


View a selection of Free articles

Explore subscription options

Follow us on Google News