Middle East Economic Survey


No 50



Kuwait Bank Exposure To Dubai Debt Problems Small, Says NBK

While there are concerns about the contagion effects of Dubais debt problems on the Gulf, Kuwaiti banks direct exposure to Dubai World and Nakheel is very small, said National Bank of Kuwait (NBK) in its GCC Research Note published on 10 December. According to the Central Bank of Kuwait, two local banks have a combined direct exposure of $118mn, or less than 0.1% of the banking...