MIDEAST DEBT-Robust demand helps Gulf banks secure low yields
Two major Islamic banks, Qatar Islamic Bank (QIB) and Abu Dhabi's First Gulf Bank (FGB), have provide the market with two new deals this week. Both issues met with a high demand from investors and they also were supported in the secondary market. Considering the latest development of global economy, investors start viewing the GCC as a safe oasis for investments now more than ever. This can help to grow demand for Islamic bonds and secure lower yields.