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Qatar issues $12bn worth of sovereign debt

Amid lower-than-expected project spending and tighter liquidity, Qatar's economy is cooling down to a steadier growth. The country's growth slowed to 1.1 percent y/y in the first quarter of 2016 due to a contraction in oil output and moderating non-hydrocarbon sector expansion. While crude output declined from 0.7 mb/d to…

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