The prospect of economic stagnation hovering on the horizon in the second quarter took its toll on the MENA bonds market, writes Joey Geadah, Research Associate at Zawya.
The Middle East and North Africa bonds firmament was somnolent as economic stagnation imposed its shadow on the region in the second quarter. Regulatory initiatives were the most recordable stats during May, while bond announcements and issuance were minimal.
Some nations, such as Oman and Saudi Arabia, called time out in May; others, such as Syria, pushed through the uproar and bond debutant Palestine made a momentous appearance.
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