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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends, Market Moves more

Oil-rich Gulf bond sales surge to plug budget gaps

Posted on 26 June 2009

From Zawya Dow Jones: Oil-rich Persian Gulf governments may sell more bonds to help plug a shortfall in earnings from sales of crude as they spend their way out of the global economic crisis.

“Many governments have to run deficits to stimulate the economy at a time when oil prices have declined,” said Abdul Kadir Hussain, the chief executive of Mashreq Capital, a unit of the second-largest lender in Dubai……..Full Article (Subscription Required): http://online.wsj.com/article/BT-CO-20090625-701925.html

 
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