Bonds Buy Time for Arab Oil States in for $900 Billion Shortfall - Bloomberg:
"The let-up in oil’s two-year downward spiral is allowing Middle Eastern governments and companies to step back from raiding reserves and belt-tightening by reopening access to international capital markets.
Since Abu Dhabi’s $5 billion Eurobond last month brought an end to a drought that pushed issuance to a seven-year low in 2015, Qatar’s government, a real estate group in the country, a Kuwaiti bank and a United Arab Emirates investment company have been sounding out potential investors as the region’s borrowing costs drop to near the cheapest in six months."
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