Pressure on the Gulf states’ budgets could cause them to review their overseas investments and future commitments as they consider options to ease the financial strain caused by the US-Israeli war against Iran.
A Gulf official said it could have an impact on anything from investment pledges to foreign states or companies, sports sponsorships, contracts with businesses and investors, or sales of holdings.
The official said three of the four big Gulf economies — Saudi Arabia, the United Arab Emirates, Kuwait and Qatar — had jointly discussed the strains being put on their budget and economies. But they declined to name the states.
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