World News: 09:40 GMT Tuesday 28th May 2019. [Yahoo Business News Feed via SPi World News]
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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