(MENAFN) The UAE ranked first in terms of debt capital market activity among the GCC countries in the first six months, totaling 55 percent of the activity at USD12.1 billion, according to Khaleej Times.
Thomson Reuters' quarterly investment banking analysis for the Middle East region reported that Saudi Arabia ranked second with 28 percent.
Bonds issued in the Middle East during the first half of 2014 dropped 16 percent compared to the same period in 2013, reaching USD22 billion, dragged down by a slow first quarter.
Investment grade corporate debt was estimated at USD16.4 billion and accounted for 90 percent of the first half total.
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