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Islamic Finance Briefing - Categorized | Funds, Investment more

Funds see Dubai contagion as chance to buy Gulf debt and build positions

Posted on 11 December 2009

From Telegraph: Elite global funds are snapping up the bonds and debt derivatives of energy rich countries across the Gulf, taking advantage of the Dubai storm to accumulate rock-solid assets at bargain prices.
Roy Maurer, managing-director of Qatar’s QNB Capital, said panic flight from the region had led to an indiscriminate sell-off of quasi-sovereign bonds from oil and gas states with vast wealth and very low levels of debt………………………………Full Article: Source

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