Kuwait, which has one of the world's largest wealth funds, had offered the United Arab Emirates help in overcoming the Dubai debt crisis, Kuwait's foreign minister said on Tuesday.
"I called my brother the foreing minister of the UAE ,... and offered help," Sheikh Mohammad al-Salem al-Sabah told a news conference at a Gulf Arab summit.
"I said we are with you in good times and the bad," he said.
UAE member Dubai shocked world markets on Nov. 25 when it requested a standstill on $26 billion worth of debt owed by state-owned conglomerate Dubai World, a flagship of the emirate.
Fellow UAE emirate Abu Dhabi, the federation's largest member, extended Dubai $10 billion on Monday to help with the debt crisis.
The UAE is also one of the wealthiest Arab countries and the world's third-largest exporter.END
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