26.04.2011 - Yemen delays bond issuance due to spreading turmoil
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
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