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Funds placing bets on Gulf

Posted on 21 December 2009

From Thenational.ae: 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.

“Those who were spooked by Dubai are giving a nice profit to anybody who knows the region and understands that Qatar, Abu Dhabi, Saudi Arabia, and Kuwait are much stronger credits. Funds are building up positions significantly,” he said…………………………………Full Article: Source

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