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Gulf banks need unorthodox strategy to meet refinancing

Posted on 03 February 2012

Gulf Arab companies and governments, facing over $60 billion (Dh220 billion) of maturing debt to refinance in 2012, will increasingly need to move away from relying on traditional funding and embrace “out of the box” thinking in a tough global environment.
The Gulf Cooperation Council states, most flush with cash after a year of high oil prices, are likely to succeed in handling this year’s refinancing challenge without systemic crises. Governments will intervene if needed to avert big, corporate bond defaults that might destabilise markets………………………………………..Full Article: Source

 
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