Gulf central banks take steps to guard against credit defaults
The move is aimed at easing immediate liquidity stress as companies face delayed shipments, weaker demand and rising costs for insurance, financing
KARIM JAAFAR/AFP via Getty Images
Qatar Islamic Bank in Doha
Gulf states are moving to protect their economies from a war-driven credit squeeze, as central banks in Qatar, the UAE and Kuwait roll out measures to keep loans flowing and prevent a broader financial shock.
Qatar’s central bank...