From Zawya.com: An upsurge in Dubai’s bond issue sharply boosted the debt market in Gulf oil producers in the fourth quarter of 2009 and it is poised for further recovery in 2010 as banks remain tight, said a Saudi investment company.

After a downturn in previous quarters because of the global fiscal crisis, the debt markets in the six-nation Gulf Co-operation Council (GCC) began to rebound in the third quarter of 2009 and extended their recovery in the last quarter, led mainly by conventional issuance by UAE and Qatari sovereigns, said NCB Capital, an affiliate of the Saudi National Commercial Bank……………………………….Full Article: Source