In its latest report on the Gulf region, IMF also said GCC has been resilient to recent shocks and the economic outlook remains favourable
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Qatar has agreed to transfer this month's Gulf Cup of Nations soccer tournament back to Kuwait after Fifa lifted a two-year ban on the country's football association, state news agency QNA reported on Saturday.
The transfer would go up for final approval by the Gulf Football Associations on Monday, QNA reported citing Sheikh Hamad bin Khalifa bin Ahmed Al Thani, who heads both the Qatari federation and the regional body.
Fifa suspended Kuwait from participating in international football competitions in October 2015 over a government bill which it said interfered in the independence of the country's FA and fell foul of Fifa statutes.
The global soccer body lifted the ban on Wednesday. The change of venue could prove a breakthrough for this year's championship, scheduled to start on Dec. 22, as Saudi Arabia, the UAE and Bahrain had planned not to attend the event in Qatar, organisers said last month.
The UAE Football Association's president has said his country's boycott was not related to the political crisis between Gulf states but rather was because the tournament should be played only if Kuwait could participate.
The Gulf Cup of Nations, which is held every two years and rotates location, usually involves Saudi Arabia, the UAE and Bahrain, Qatar, Kuwait, Iraq, Oman and Yemen.
In its latest report on the Gulf region, IMF also said GCC has been resilient to recent shocks and the economic outlook remains favourable
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