A report by the Kuwaiti company Kamco Invest showed that the United Arab Emirates will acquire about 30% of the total fixed income market (bonds and sukuk) in the countries of the Gulf Cooperation Council during 2021 .
The report indicated that the value of UAE sukuk and bond issuances amounted to about 43 billion dollars last year.
And he indicated that the total Gulf issuances amounted to about 146.7 billion dollars last year, compared to 151.1 billion dollars in 2020, a decrease of 2.9%.
The report indicated that bond issuances fell for the first time since 2018, to reach $89.5 billion in 2021, compared to $99 billion in 2020.
GCC sukuk issuances increased for the third year in a row, and reached their highest levels ever, reaching $57.2 billion in 2021, compared to $52.1 billion in 2020. .
The report expected that total issuances in the region will witness a marginal decline in 2022, as government issuances are expected to decline against the background of high oil prices and a decrease in financing needs for social spending, while Raising interest rates may also affect corporate issuances.