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The UAE and Qatar seem fine, although their sovereign fund will be in stagnation and will be under pressure to maintain their returns. Bahrain, Oman and Kuwait
by fakedang 5y ago
The UAE and Qatar seem fine, although their sovereign fund will be in stagnation and will be under pressure to maintain their returns.
Bahrain, Oman and Kuwait are whole different problems altogether. Bahrain is Sunni-ruled with Shia majority population, so once KSA weakens, expect to see some revolts soon. On the other hand, the UAE will step up its game and intervene in Bahrain should such a situation arise (ironically, Bahrain was going to join the UAE back in 1971, but backed away because they were richer and wanted to be the capital).
Kuwait and Oman are already falling to xenophobic pressure. They have begun expelling expats from jobs and looking for inward hiring, but this has had a net negative effect on their economies.