Reports: Kuwait and the UAE in economic pain amid pandemic

  • Date: 23-Sep-2020
  • Source: Egypt Independent
  • Sector:Economy
  • Country:Kuwait
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Reports: Kuwait and the UAE in economic pain amid pandemic

DUBAI, United Arab Emirates (AP) “” Two oil-rich Arab Gulf states suffered severe economic blows on Wednesday, as a major credit agency downgraded Kuwait for the first time and the United Arab Emirates acknowledged its economy would contract to a level last seen in 2009. The agency, Moody's Investors Service, cut Kuwait's debt rating and “¦ Continued

The post Reports: Kuwait and the UAE in economic pain amid pandemic appeared first on Egypt Independent.DUBAI, United Arab Emirates (AP) “” Two oil-rich Arab Gulf states suffered severe economic blows on Wednesday, as a major credit agency downgraded Kuwait for the first time and the United Arab Emirates acknowledged its economy would contract to a level last seen in 2009. The agency, Moody's Investors Service, cut Kuwait's debt rating and “¦ Continued

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