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The rising oil price has reduced the need for Gulf governments to sell bonds. (Shutterstock)
September 5th, 2018 - 07:51 GMT

Islamic GCC Bond Sales Fall by 32 Percent Due to Oil Price Hike

The sale of Islamic bonds in the Gulf fell in the first half of 2018 as increasing oil prices lessened the region’s need to plug government deficits with additional fundraising, a report said.
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