Bond issuance surges from Gulf countries

|About: WisdomTree Middle East Div... (GULF)|By:, SA News Editor

Kuwait has picked six banks to advise on its first international debt sale as the OPEC member joins other Gulf nations shoring up public finances after the slump in oil prices.

Saudi Arabia, Qatar and Abu Dhabi raised more than $30B from global bond markets in 2016, while Iraq just announced the sale of $1B in bonds guaranteed by the U.S.

ETFs: GULF, MES, QAT, KSA

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