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‘Sleeping giant’ debt market awakes in Saudi ArabiaAfter years in which the growth of Saudi Arabia's bond market lagged its economy, the market is taking off as local companies rush to issue debt - though low returns are keeping foreign investors on the sidelines. Traditionall More… |
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Global demand to boost GCC debt market in 2013Gulf bonds will attract large flows of investment from outside the region next year because of their growing diversity and an increasingly active secondary market, said an expert in the industry. Traditionally, bonds from issuers More… |
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Goldman advisor defends $2bn sukuk planAn advisor to Goldman Sachs has defended the US bank's $2 billion Islamic bond programme against criticism it may contravene religious principles. In October, Goldman registered the sukuk programme with the Irish Stock Exchange. More… |
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UNB set to price key dollar bondAbu Dhabi's Union National Bank (UNB) will aim to price a benchmark-sized five-year dollar-denominated bond this week, as Middle Eastern issuers spot a window in volatile economic conditions to return to the debt market. The bank has m More… |
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UAE 'must create local bonds market'The United Arab Emirates needs to double efforts to create a local market for government and corporate bonds, Central Bank Governor Sultan Nasser Al-Suweidi said. "When it comes to adequacy and quality of capital, we don't have any difficu More… |
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Ireland to re-enter debt markets soonIreland will resume borrowing as soon as investors feel more comfortable about its fiscal goals and prospects for other peripheral euro zone countries, the Irish debt management agency said. Under an 85 billion euro ($110 billion) EU/IMF b More… |
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UAE Central Bank plans to develop debt marketThe United Arab Emirates Central Bank wants bankers to work out a plan for developing a local debt market to allow business to raise funding locally and complement an existing equity market. In a circular sent to banks last week, the UAE C More… |
