Middle East Economic Survey

VOL. LII

No 25

22-Jun-2009

REGIONAL/GCC

Bank Constraints Providing Window For Gulf Bond Issues

With bank lending still constrained as a result of the financial crisis, sovereign and corporate bond issuance in the Gulf is on the rise. The UAE is contemplating issuing a federal bond, which would follow paper launched by Abu Dhabi (MEES, 6 April), Qatar (MEES, 13 April) and more recently Bahrain (MEES, 15 June), while Oman and Kuwait are also mulling sovereign issues, with...