Middle East debt issuances nearly triple in Q1 2023 as Saudis take lead
In Q1 of 2023, Saudi Arabia was the leading debt issuer in the MENA region.
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Middle East and North Africa (MENA) debt issuances nearly tripled year-on-year from January to March 2023 to $26.9 billion compared to the previous quarter, marking the highest start to a year by proceeds since 2011.
This is a major shift since last year’s total of $37.3 billion, the lowest full-year amount since 2011, according to American-British financial data company Refinitv.
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