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Doha Bank suspends $1bn Sukuk sale
- United Arab Emirates: Saturday, July 26 - 2008 at 08:51
Due to poor funding market conditions, Doha Bank has postponed its plan to sell a $1bn global Islamic bond to finance investments in renewable energy, Reuters has reported. The bank said it will wait for global funding markets to 'calm down' and may revisit the issuance plan in the middle of next year.
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Medilyn Manibo, Assistant News EditorSaturday, July 26 - 2008 at 08:51 UAE local time (GMT+4)
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