Tuesday 21 October 2014
 
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debt markets

Saudi Electricity 2013 capex near $10bn

Saudi Electricity Company (SEC) will have capital expenditure needs of nearly $10 billion next year, a senior executive said on Tuesday, and the state-controlled utility may tap debt markets to raise some of the funds. SEC, the Gu

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Global market worries spur Gulf sukuk rush

A flurry of sukuk issues from the Gulf this week shows borrowers are worried about limited global liquidity and future access to debt markets, and are turning to Islamic finance as a source of money that is relatively untouched by the global turmo

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