24.11.2009 - Dubai Islamic bonds advance after rulerís leadership shakeup
From Bloomberg: Dubai bonds gained after ruler Sheikh Mohammed Bin Rashid Al Maktoum reduced the power of some top executives as he tries to improve investor confidence in the emirate burdened by $80 billion of debt. Dubaiís five-year Islamic bond, or sukuk, maturing in 2014 rose 0.11 cent to a three-day high of 100.63 cents on the dollar at 7:11 p.m. in Dubai, pushing the yield down to 6.243 percent, Bloomberg data show.............................Full Article: Source
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