Leveraging location, low costs, and strong legacy companies with a skilled labour pool, the pharmaceutical industry is a quiet success story in Central and Eastern Europe (CEE). The sector is a major contributor to exports and R&D spending in several countries, and has become a magnet for M&A deals in recent years.
Gulf bond markets: issuers take advantage of strong demand amid rising geopolitical tensions
The six Gulf Arab states, incorporating several of the biggest, and wealthiest, players in the global oil and gas markets, cannot seem to stop selling debt. And investors, hunting for yield in a global low rates environment, are driving demand for more bond issues from the region. Despite the recent escalation in geopolitical tensions, issuance is likely to remain strong but restricted to sovereign or state-owned entities, able to borrow more cheaply.