Bond Demand in Gulf Compared to Stocks Is `Like Mars and Venus'

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Bond Demand in Gulf Compared to Stocks Is `Like Mars and Venus'Yield-hungry global funds are plowing into regional bonds at the expense of local stock markets, where liquidity has dwindled following the 2014 oil-price crash. The last initial public offering in the United Arab Emirates was in 2017. Once debt-averse, the petrostates of the Gulf have pivoted to borrowing to plug ballooning budget deficits.


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