Moody's: Oil Puts GCC Under Stress

The transcript discusses the impact of rising oil prices on Gulf countries, emphasizing the need for fiscal reforms and consolidation. It highlights the challenges in implementing these reforms, particularly in Saudi Arabia, and the potential risk of higher oil prices reducing reform appetite. The discussion also covers revenue diversification strategies, such as introducing VAT and corporate taxes, and evaluates the economic resilience of Gulf countries based on sovereign ratings and government balance sheets.

What are the expected oil price ranges for Gulf countries in the medium term?

How have rising oil prices affected the appetite for fiscal reforms in the Gulf?

What is the significance of the National Vision 2030 for Saudi Arabia's economic reforms?

What challenges do Gulf countries face in implementing fiscal reforms?

What role do fuel subsidies play in the fiscal consolidation strategies of Gulf countries?

Which countries in the Gulf region are rated AA and what is their outlook?

How does the strength of a government's balance sheet affect its credit rating?