UAE:
Although the UAE market is currently ranked third in the global issuance league
table, Dubai has fallen behind this year; with only a handful of significant
issuances including its dual-tranche sovereign Sukuk Ijarah in April. Despite
reports on the emirate’s economy seeing resuscitation after experiencing a dip
several years ago, industry players have revealed that all is not as rosy as it
seems on the surface. With a lack of deals, particularly on the Islamic side,
and restructuring work either slowing down or reaching a halt, some have voiced
their concern.
For more see: http://www.islamicfinancenews.com/
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