Fears of SVB’s Collapse Having Repercussions on Arab Countries

Anticipation for disclosures of the investment sectors and financial activities in the Arab countries due to the resounding bankruptcy of the Silicon Valley Bank (Reuters)

The collapse of the California-based Silicon Valley Bank (SVB) has fueled fears among customers, depositors, and technology companies regarding the economic level in the US. They also worry about the announced bankruptcy having a contagion effect in wider regions of the world.

The Arab region does not seem immune to the repercussions, as banks in Kuwait disclosed minor exposures to SVB's bankruptcy.