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Article: Dubai issues $2 billion worth of Islamic bonds to boost confidence in the debt-laden emirate.
- Article from:
- The Daily Star (Beirut, Lebanon)
- Article date:
- October 29, 2009
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Byline: Daily Star Staff
Summary: Dubai's government placed almost $2 billion in new five-year Islamic bond issues Wednesday, and bankers said the successful subscription would boost investors' confidence in the debt-laden Gulf Arab emirate.AaThe global financial crisis hurt Dubai, a United Arab Emirate (UAE) member and the Gulf financial hub, leaving the markets guessing whether it would be able.
John Irish andAaMartin DokoupilAa
Reuters Aa
Aa
DUBAI: Dubai's government placed almost $2 billion in new five-year Islamic bond issues Wednesday, and bankers said the successful subscription would boost investors' confidence in the ...