Arabian Gulf Sukuk May Reach $5 Billion in Fourth Quarter: Islamic Finance
Banks and companies in the Arabian Gulf may issue the most Islamic debt in three years in the fourth quarter as economic growth accelerates and Dubai’s companies reach agreements to restructure debt. The combination of declining yields in emerging markets and a successful restructuring of state-owned Dubai World’s debt may spur more sales, according to Exotix and Royal Capital PJSC.
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