The cost of insuring Gulf debt rose on Thursday, with Dubai's CDS rising to the highest level in at least six months as global recession fears lead to a sense of risk aversion in financial markets.
Dubai's five-year credit default swaps (CDS) were at 470 points at 1246 GMT, up from 431 points on Sept. 21, according to data from Markit, and the highest levels since early March, according to data from Markit.
Abu Dhabi CDS rose to 117 points on Thursday, up from 106 points a day earlier, while Qatar CDS rose to 118 points, from 106 points on Wednesday.
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