Middle East Economic Survey

VOL. LIV

No 11

14-Mar-2011

UAE

IPIC $4.36Bn Bond Successful, Despite MENA Unrest

Abu Dhabi government-owned International Petroleum Investment Companys (IPICs) $4.36bn euro and sterling bond issue, the first from the region since the MENA unrest began, has gone ahead successfully despite the spreading of protests to Saudi Arabia and the descent of Libya into civil war. The success shows that strong companies from countries that are thus far unaffected by the...