S&P Global Ratings said ratings on insurers in the GCC will remain broadly stable in 2021, mainly due to the robust capital buffers despite ongoing economic uncertainty relating to the COVID-19 pandemic. Real GDP in the GCC countries will likely recover to about 2% in 2021 on average, after the sharp contraction in 2020, but we believe that key sectors, particularly real estate, hospitality, and retail, will remain under pressure ...