Moody's agency confirmed in a report on the creditworthiness of the Gulf countries that it will remain stable during the next 12 to 18 months.
According to Arabiya Net, Moody's indicated that its future outlook came against the backdrop of high oil prices and an increase in crude production, noting that oil and gas revenues represent 70% of total revenues. Gulf countries.
According to the agency, global initiatives to combat climate change and reduce the use of hydrocarbons will pose a challenge to oil-producing countries in the long term.
