MidEast bond market comes in where loans fear to tread

23 Mar 2010

The Middle East’s loan market has had a good start to 2010. But there is still some way to go before calling a full recovery. Luckily, for some sectors at least, the bond market is proving a reliable alternative source of funding.

The Gulf’s loan market has fared better so far this year than many thought it would. Expectations were far from high, especially after Dubai World asked for a debt standstill in late November. But the market’s performance has, more or less, shown that the fallout from that shock ...

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