Gulf states gain from Russia’s debt freeze | GulfNews.com:
"A handful of oil-rich monarchies in the Gulf have become the unexpected beneficiaries of the crisis in Ukraine, attracting a helping of the global money frozen out of Russia’s debt markets.
Two bond sales planned for this week told the tale of changing fortunes within emerging markets.
Russia, which remains mired in a geopolitical dispute, was forced to cancel an issue of government debt when investors demanded a borrowing rate that the country deemed too high.
Dubai, meanwhile, was being congratulated for its $750m (Dh2.7 billion) sale of sovereign debt, the emirate’s first for 18 months."
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