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. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."