Yemen, where protests against the regime entered a third month, may cancel the sale of a 25 billion-rial ($117 million) Islamic bond, threatening to deepen the country’s deficit.
The central bank delayed the sale of the one-year Shariah-compliant bills by two months to May 1 and may abandon the plans if banks do not have enough liquidity following customer withdrawals during the unrest, said Kamal Al-Rabie, general manager at the bank’s Islamic unit……………………………………….Full Article: Source