RBS sees $80 billion in Gulf debt maturing this year and next | Business | STV News

Royal Bank of Scotland (RBS) sees $80 billion (49 billion pounds) in debt maturing this year and in 2012 in the Gulf Arab region and Egypt, its top regional executive said on Tuesday.

"We see over the next two years, 2011-2012, $80 billion of debt that comes up for maturity both for banks and loans in the bond markets. That is GCC plus Egypt," Simon Penney, RBS's chief executive for the Middle East, said at a roundtable.

Dubai alone has about $30 billion of debt maturing over the next two years, with $12 billion of that due this year.