in zawya.com: The GCC countries recorded a landmark year for fixed income issuances in 2024, with total bond issuance in the region rising to a record high of $103.4bn. This marks a 71% jump from $60.5bn worth of bond issuances in 2023, according to the GCC Fixed Income Market 2024 report published by Kuwait-based Kamco Investment. Corporate issuances led the way, with companies in the GCC raising a total of $70.1bn, reflecting a remarkable growth of 74% compared to 2023. Meanwhile, government bond issuances in the region also saw a strong year-on-year increase, totalling $33.3bn, a 65% rise from the previous year. At the country level, the UAE saw the most significant increase in issuances, with bonds totalling $49.7bn in 2024, compared to $31.2bn in 2023. Qatar followed closely, posting a rise of $13.4bn. The UAE also emerged as the region’s largest bond issuer, followed by Saudi Arabia with $30.8bn, and Qatar with $16.8bn.
