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Dewa $2.5bn Islamic bonds
- United Arab Emirates: Saturday, September 15 - 2007 at 08:09
The Dubai Electricity and Water Authority (Dewa) is planning to sell around $2.5bn worth of Islamic bonds to raise funds for future expansion, according to Reuters citing un-named sources. No further details were provided but, with its population and economy growing rapidly, demand for both water and electricity in Dubai is spiking. Earlier this month, it was reported Dewa might sell up to $3bn worth of bonds.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, September 15 - 2007 at 08:09 UAE local time (GMT+4)
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