From Zawya Dow Jones: Oil-rich Persian Gulf governments may sell more bonds to help plug a shortfall in earnings from sales of crude as they spend their way out of the global economic crisis.
“Many governments have to run deficits to stimulate the economy at a time when oil prices have declined,” said Abdul Kadir Hussain, the chief executive of Mashreq Capital, a unit of the second-largest lender in Dubai……..Full Article (Subscription Required): http://online.wsj.com/article/BT-CO-20090625-701925.html



RSS

