Investors: breathe a sigh of relief. A spate of debt issues and initial public offerings is set to inject new life into Middle East capital markets in the final quarter of what has otherwise been a lacklustre year.
Debt and equity capital market activity suffered in the first half of 2010 as a waning global recovery and debt worries in the European Union kept skittish investors stuck to safe-haven assets like gold and U.S. treasury notes.
The traditional summer lull, coupled with the Muslim holy month of Ramadan, a period when business activity typically slows in the mostly-Muslim Middle East, did little to help."
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