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Kuwaiti traders follow stock prices at Boursa Kuwait stock market, in Kuwait City on January 6, 2020. - Gulf stock markets were hit by a panicky sell-off amid Iranian vows of retaliation over the US killing of top military commander Qasem Soleimani, with all seven markets in the Gulf Cooperation Council (GCC) states closing in the red on the first trading day since the US attack. (Photo by YASSER AL-ZAYYAT / AFP) (Photo by YASSER AL-ZAYYAT/AFP via Getty Images)

Banks can't save Gulf economies

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Kuwaiti traders follow stock prices at Boursa Kuwait stock market, in Kuwait City on January 6, 2020. - Gulf stock markets were hit by a panicky sell-off amid Iranian vows of retaliation over the US killing of top military commander Qasem Soleimani, with all seven markets in the Gulf Cooperation Council (GCC) states closing in the red on the first trading day since the US attack. (Photo by YASSER AL-ZAYYAT / AFP) (Photo by YASSER AL-ZAYYAT/AFP via Getty Images)

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