SAUDI ARABIA. A correction in the stock market failed to have a major impact on Saudi Arabia's economic performance last year. A report by the Kuwait-based Global Investment House (Global) on Saudi Arabia's economic and strategic outlook, said that the Kingdom's economy was in fact exceptionally sound and robust in 2006.
UAE. Structural reform will take GCC economies to the next level of their development; Improving macroeconomic fundamentals will lead to higher corporate ratings, according to experts from Crédit Agricole Private Banking.