26.06.2009 - Oil-rich Gulf bond sales surge to plug budget gaps
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): Print