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Dubai bonds defy IMF’s warning on realty bubble
Dubai’s Islamic bond gains are showing that investors are downplaying an International Monetary Fund warning that the emirate’s real-estate industry is at risk of another bubble. Dubai’s 6.45% sukuk yield fell 54 basis points in July, the most in 13 months, to 5.19%. That was twice the monthly drop to…
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Click here to read the full story: Gulf times