Volatility in US Treasury yields and a dip in investor appetite for emerging market credits could put a brake on new issuance from the Gulf Arab region in the near term, as both sides of the market wait for prices to stabilise.
Sovereign wealth funds in the Gulf Arab region are raising their allocations to private equity investments at a faster rate than other types of investment, US fund manager Invesco says in a new study.
"Contrary to popular per
US lawmakers are working on legislation that would force European and Asian banks with US accounts to directly report to the US Treasury their transactions with Iranian financial institutions, a lawmaker and congressional aides said on Tuesday.&nb
World stocks have lost more than 9 per cent for the year, although a steady flow of encouraging US economic data allowed the S&P 500 to erase losses and close practically where it started in 2011.
Better than oil, gold, or stocks, the
State-run Abu Dhabi National Energy Co (Taqa) has sold $1.5 billion in bonds maturing in five and 10 years to refinance upcoming debt.
The company issued $750 million in five-year bonds paying a premium of 330 basis points over comparable
The United Arab Emirates' central bank has resumed investing in US Treasury bonds because interest rates on them are now reasonable, the bank's governor said on Tuesday.
Gulf Arab oil exporters such as the UAE mainly invest in dollar asset
The US Treasury is sending its top national security official to the UAE and Israel this weekend to brief government officials on new US actions to increase financial pressure on Iran.
The Treasury said David Cohen, undersecretary for terr
China roundly condemned the United States for its "debt addiction" and "short sighted" political wrangling and said the world needed a new stable global reserve currency.
In a harshly-worded commentary by the official Xinhua news ag
The UAE prefers to use dollar-based instruments such as deposits rather than low-yielding US Treasuries to manage foreign reserves, according to the country's central bank governor.
Sultan Nasser Al Suwaidi said on Sunday that he expec