When a UAE and Saudi-led diplomatic and economic blockade on Qatar was first announced in June 2017, many economists were concerned about the Gulf country’s ability to absorb the shock of being cut-off from key trading partners. In an odd twist of fate, the move led to an acceleration in Doha’s drive for economic self-sufficiency that became a boon for some of the country’s key domestic sectors – food and agricultural businesses among them.Bonds & Loans speaks with Peter Weltevreden, CEO at Baladna, one of the country’s largest dairy producers, about how the blockade has accelerated its corporate development plans in the run-up to a highly anticipated 2019 initial public offering.
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As Turkey braces for the economic impact of the COVID-19 crisis, the banking sector looks likely to be called to play a larger role in facilitating the government’s stimulus plans. But despite a recent spike in NPLs and foreign exchange pressures, the risks to the country’s banks appear manageable, according to a recent report by Oleksiy Soroka, Senior High Yield Credit Strategist at ING.
May 22, 2020
International investors have fled Brazil’s capital markets to the tune of USD22.2bn in March, according to data from Itau, the largest monthly outflow on record.
Apr 28, 2020
But some of the momentum will be lost over the coming weeks as the impact of the global slowdown in trade and economic activity resonates through Latin America, Itau analysis indicates.
Mar 17, 2020
Atlas Renewable Energy sold a USD253mn private placement in US markets this week to refinance debt linked to two solar PV power plants in Chile, the largest US solar green private placement out of Latin America to date.
Mar 4, 2020