19.02.2010 - Gulf Arab sukuk market seen sluggish for months
From Arabtimesonline.com: Gulf Arab capital markets, including issuance of Islamic bonds, will remain sluggish well into the year as a result of Dubai’s debt troubles and spillover effects from Greece’s fiscal woes, bankers said. Last year’s sukuk volumes were stable from 2008, but the market was almost entirely held up by sovereign and quasi-sovereign issues. Just when the industry prepared to accept private sector issuers towards the end of year, Dubai’s debt restructuring rocked markets, effectively shutting down Gulf Arab fixed-income issuance, both conventional and Islamic.........................................Full Article: Source
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