The total value of bond sales in the region has dropped 30 per cent so far this year compared with the same period a year earlier, according to a Reuters report this month. That compares with an 8 per cent increase year-on-year of bond sales in the Bric countries of Brazil, Russia, India and China.
The unrest that swept the Middle East early this year badly rattled its bond markets. Qatari, Abu Dhabi and Dubai sovereign debt performed well as regional investors sought a haven, but sales slowed overall.
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