Aramco, Lebanon, Gulf Oil: A Guide to Middle East Risks in 2020
- ‘Geopolitical disruption risk has not disappeared’: Citigroup
- Arqaam Capital sees another strong year for debt issuance
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If 2019 was the year when a clutch of Middle East markets burst into the mainstream, then 2020 will test whether the foreign money keeps flooding in.
The year opened with five Gulf Arab economies joining JPMorgan Chase & Co.’s emerging-market bond indexes. The spotlight stayed firmly on the region as Saudi Aramco’s $12 billion international bond debut in April was followed by preparations for its historic public offering at the end of the year. Gulf dollar bonds outperformed their emerging-market peers with returns of 14% this year.