Middle East Economic Survey


No 45



GCC Credit Market Showing High Activity And Strength

The GCC corporate bond issue market has shown high activity and strength, on the back of increasing confidence and liquidity, while the Eurobond market is expected to stay closed to Dubai for the time being, said Bank of America Merrill Lynch in its third quarter report for the MENA region. The firm noted an exceptional rally in the 3Q Eurobond market, and the tightening spreads on...