BLME Asset Management
Market Commentary
Article Overview
Bank of London and Middle East’s Asset Market Commentary for Q2 2015 by Jamil Mufti – Portfolio Manager discusses:
- Macroeconomic Backdrop
- Regional News covering earnings for Sukuk issuers
- Market Impact of decline in oil price
- The report concludes “The Sukuk market should continue to perform well as supply has waned this year, although there is expectation that some GCC countries may want to finance their budget deficits by borrowing in the debt capital markets which would lead to some welcome supply in the market.”
GCC Countries Budget Balances 2014/2015
