"It is rare that a single six-month period contains some of the best market performance in years, and also the very worst. The first half of this year meant both for some traders.
Spreads tightened dramatically in the early months of the year, allowing the Dubai Government to raise a 10-year sukuk at a cheaper rate than Italy paid at the time.
Last month, the UAE and Qatar secured a long-anticipated upgrade to MSCI Emerging Markets status, which is expected to bring at least US$800 million in inflows from passive funds that are compelled to track the index."
'via Blog this'
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