Kuwait’s foreign assets exceed 600% of GDP, highest in Gulf, reinforces fiscal strength
KUWAIT CITY: Kuwait’s net sovereign foreign assets exceed 600 percent of gross domestic product (GDP), the highest ratio among Gulf countries by a significant margin, strengthening the country’s external financial position and its capacity to withstand economic shocks, according to Fitch Ratings. In its latest assessment of Gulf sovereign finances, Fitch said the strong balance … The post Kuwait’s foreign assets exceed 600% of GDP, highest in Gulf, reinforces fiscal strength appeared first on Times Kuwait .