Arab Today, arab today dubai\s debt insurance costs hit sixmonth high
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

Dubai\'s debt insurance costs hit six-month high

Arab Today, arab today

Arab Today, arab today Dubai\'s debt insurance costs hit six-month high

Dubai - Arabstoday

The cost of insuring Gulf debt rose on Thursday, with Dubai\'s credit default swaps (CDS) rising to the highest level in at least six months as global recession fears led to a sense of risk aversion in financial markets. Dubai\'s five-year CDS were at 470 points, up from 431 points on September 21, according to data from Markit, and the highest levels since early March, according to data from Markit. Abu Dhabi CDS rose to 117 points on Thursday, up from 106 points a day earlier, while Qatar CDS rose to 118 points, from 106 points on Wednesday. \"We are currently in an environment where investors are already nervous and yet continue to face one piece of negative news after another,\" said Chavan Bhogaita, head of markets strategy department at National Bank of Abu Dhabi. \"Hence the de-risking theme that we have witnessed recently is continuing with the result that even the most solid of credits are suffering some spread widening.\" A grim outlook for the US economy from the Federal Reserve and signs of a slowdown in China and Germany sent world stocks tumbling on Thursday and drove investors into safer currencies and government bonds. European stocks fell more than 4 percent to a two-year low, helping drag global equities to a fresh one-year low, making Wall Street look set for sharp losses at the open. Amid the gloom, Abu Dhabi\'s Union National Bank will test investor appetite for regional debt when it kicks off road shows for a possible bond on Sunday. Bahrain\'s CDS widened to 350 points from 327 points on Wednesday, ahead of elections on Saturday. Saudi Arabia\'s spreads widened eight points from the previous day, to 123 points.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai\s debt insurance costs hit sixmonth high Arab Today, arab today dubai\s debt insurance costs hit sixmonth high

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai\s debt insurance costs hit sixmonth high Arab Today, arab today dubai\s debt insurance costs hit sixmonth high

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday