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From a poll with analysts, those other parties could include Saudi Basic Industries Corp. Said Simon Williams, senior economist at HSBC in Dubai. Gulf Stocks Drop as Kuwait’s Global Investment Negotiates Debt. Bloomberg Persian Gulf shares declined, as Global Investment House KSCC hired HSBC Holdings Plc to renegotiate debt that totals billion. The GCC groups Saudi Arabia, Kuwait, Qatar, Bahrain, the United Arab Emirates and Oman, which had previously announced it would not participate in the. In the Middle East, Dubai has had a deflationary year but there are enclaves in Oman where Westerners have property, and this is really a better.