Pimco’s $10 Billion Private Deals Fuel Middle East’s Wartime Cash Quest
The $2.27 trillion asset manager has been a significant buyer of privately placed bonds from the region.
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Welcome to the Mideast Money newsletter, where we chronicle the intersection of money and power in a region that’s become one of the most influential in global finance. I’m Laura Gardner Cuesta, Bloomberg News’ Middle East equity capital markets reporter, filling in for Adveith Nair.
This week: Pimco privately lent $10 billion to Gulf states in wartime deals, Dubai home prices posted a decline after a record rally, and Saudi Arabia’s mining strategy shifted.