Dubai Expo Bet Spurs Property-Led Debt Rally: Islamic Finance - Bloomberg:
"As spotless black sedans shuttled World Expo officials through Dubai’s streets last week, yields of Islamic bonds from local developers Emaar Properties PJSC (EMAAR) and Nakheel PJSC dropped to record lows.
The declines underscored growing optimism that the Middle East business hub and second-richest member of the United Arab Emirates will be named as host of the 2020 event when members of the Bureau International des Expositions vote in Paris next month. Sukuk from Emaar, developer of the world’s tallest tower, and Nakheel, which built Dubai’s artificial palm-shaped island, are rising even as regional peers retreat."
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