Kuwait, the UAE and Qatar emerged as the best and safest places for investment in the Arab world last year given their strong financial and economic situation.
According to a Gulf News report, Kuwait topped the list while the UAE and Qatar awarded the second rating in the Financial Times annual balance for emerging markets.
Kuwait was given a "very high" investment degree and a "low risk" rating plus a strong debt repayment ability in the FT's Credit Ratings in Emerging Markets for last year. The UAE and Qatar got a "high" investment rating and a "low" risk classification coupled with a strong credit rating in the balance.
In addition, Kuwait was given an A+ rating while both the UAE and Qatar got A rating. Kuwait ranked fifth in the overall balance while the UAE and Qatar ranked sixth.
Bahrain got BBB+ and was classified as a country with a good investment degree, low risk and "reasonable" credit rating. Ranking after Bahrain were Tunisia, Oman, Egypt, Morocco, Jordan, Lebanon and Yemen. (menareport.com)
© 2004 Mena Report (www.menareport.com)
