27.09.2011 - Persian gulf bonds beat emerging-market debt on oil: Arab Credit
Persian Gulf bonds are beating emerging-market debt this year as increasing revenue from oil exports help the region withstand global financial-market turmoil better than most developing nations. Dollar notes from the Gulf Cooperation Council have returned 6 percent in 2011, according the HSBC/NASDAQ Dubai GCC US Dollar Sukuk/Bond Index. Emerging-market securities worldwide gained 3.2 percent, JPMorgan Chase & Co. data show..............................................Full Article: Source
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