Middle East Economic Survey


No 29


MEES Agenda:

Securitization Cautiously Revisited

Securitization became virtually synonymous with the US subprime mortgage debacle, so it is not surprising that it started to dry up after the global credit squeeze hit markets in late summer 2007. As the crisis unfolded, Gulf securitization was in its infancy, with only a handful of transactions completed, and it came to a grinding halt after markets slumped when Lehman Brothers collapsed in...