Middle East Economic Survey

VOL. LIII

No 21

24-May-2010

REGIONAL

Gulf States Less Exposed Than Other MENA To Eurozone Woes, Says Credit Agricole

Gulf Arab states are more insulated than other MENA countries from the impact of the European sovereign crisis in the short term, says Credit Agricole in a 14 May report. Gulf banks exposure to Europe is contained and provides little systemic risk, but any precipitous and sustained price drop in commodities such as oil or global equities would not bypass...