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Email this article: Dubai sukuk to fund airport expansion, says Sheikh Ahmed
Posted: Tue May 1, 2012 10:48 pm
UAE. Dubai will employ US$1.25 billion raised through an Islamic bond last week to fund the expansion of its airport and sees no risk to repaying creditors at its flagship conglomerate Dubai World on time.
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INTERNATIONAL. Pretend and extend died last night, hopefully it will be replaced with a normal business cycle, normal ebbs and flows, but first politicians will try to save face by trying to do just one more round of pretend-and-extend, but the patient has died.
dhgate