File - Iran's heavy water nuclear facility is backdropped by mountains near the central city of Arak, Iran, Jan. 15, 2011. (AP Photo/ISNA, Hamid Foroutan)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Credit risk in Saudi Arabia and the United Arab Emirates, the two biggest Arab economies, is falling to record lows as prospects for a deal with Iran over its nuclear program augments improving investor sentiment toward the region.Five-year credit default swaps for Saudi Arabia fell seven basis points this month to an all-time low of 45 on May 13, the same level as Abu Dhabi, the UAE's largest oil producer, according to data compiled by Bloomberg. Iran has repeatedly said that its nuclear program is peaceful.Credit default swaps in Bahrain, the Gulf country hit hardest by violent protests three years ago, declined 18 basis points this month to 158, the lowest in four years.
FOLLOW THIS ARTICLE