Sovereign wealth
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Dubai sovereign debt pushed up to $54.8bn but ‘stabilising’
The Dubai government’s recent sukuk sale has pushed up sovereign debt to US$54.8 billion but general indebtedness is “stabilising”, says Bank of America Merrill Lynch. The Department of Finance last week issued a $750 million, 15-year sukuk priced at 5 per cent, the first bond sale by the emirate in…
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