Gulf bond sales to hit $50bn
Tuesday, January 15 - 2008 at 13:35
A new report by Moody's Investor Services said sales of conventional and Islamic bonds in Gulf Arab countries may more than double to $50bn, reported Reuters. Governments and companies in the GCC sold $23.7bn of bonds last year, 62% more than in 2006. Sales in 2008 will be spurred by infrastructure projects and acquisitions, the report said.
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Jeff Florian, Senior ReporterTuesday, January 15 - 2008 at 13:35 UAE local time (GMT+4)
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