UAE. Commodity markets spent the week trying to recover from their dismal performances during May. Gold jumped the most in years only to tumble the most in two months after the Fed chairman in a testimony in Washington refrained from outlining any additional measures.
KUWAIT. Kuwait has built up very large fiscal and external net asset positions over many years, which will continue to help it weather the current low oil price environment; The overall fiscal and external balance sheets will remain strong, backed by a significant stock of financial assets.