Reports: Kuwait and the UAE in economic pain amid pandemic
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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