GCC MARKETS

“GCC” refers to The Cooperation Council for the Arab states of the Gulf, which includes Bahrain, Kuwait, Saudi Arabia, United Arab Emirates, Qatar, and Oman. The GCC aggregate bond market includes both conventional bonds and Shariah Compliant bonds ("sukuk"). The market decreased substantially to US$18.1 billion in 2008, down by 62.4% compared with the amount raised in 2007, through 76 offerings.

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