Middle East Economic Survey


No 9


MENA Turmoil Continues To Batter Financial Markets

Bahrain postpones sovereign bond issue, but IPIC embarks on road show

Chaos in Libya, which has cut oil production and forced foreigners to scramble for evacuation, ongoing protests in Bahrain and the spreading of dissent across the region has pounded financial markets. MENA stocks have seen sharp sell-offs, and risk is being re-priced with credit spreads widening markedly. Brent crude has...