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Friday, 28 July 2017

Iraq eyes first independent bond sale in a decade

Iraq eyes first independent bond sale in a decade:

"Iraq is bidding to make its first independent return to the capital markets in more than a decade, canvassing investors’ interest in a five-year bond after successfully launching a US-backed $1bn fundraising earlier this year. The oil-rich but war-ravaged Middle Eastern country has appointed three banks as bookrunners and will be meeting with prospective investors in the coming days. In late 2015 Iraq called off plans to return to the bond markets for the first time since the official end of US occupation, citing the excessively high cost investors were demanding in order to buy into the issuance."

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Aviation's Hub Quits the Gulf - Bloomberg Gadfly

Aviation's Hub Quits the Gulf - Bloomberg Gadfly:

"Once upon a time, airlines based in the Persian Gulf were making all the running in the global aviation market.Propped up by state owners that didn't care too much about profits and blessed with a unique geographical position from which a single flight can reach almost every inhabited spot on the planet, Emirates, Etihad Airways PJSC and Qatar Airways Ltd. seemed to have the world at their feet.Emirates was expanding capacity at the rate of 30 million or so available seat kilometers per year -- roughly equivalent to adding an AirAsia Bhd. to its network every 12 months -- and striking deals with weakened rivals such as Qantas Airways Ltd. to win more long-haul traffic."

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Qatar Airways Sticks to Jet Orders Despite Crisis, Official Says - Bloomberg

Qatar Airways Sticks to Jet Orders Despite Crisis, Official Says - Bloomberg:

"Qatar Airways, which has been losing passengers after a flight embargo from four Arab countries, is still making money and will go through with jet orders it’s already committed to, as the nation seeks an international ruling restoring its access to air corridors, a senior official said.

“We are continuing and maybe we’ll go faster,” Qatar Transport Minister Jassim Saif Ahmed Al Sulaiti said of the carrier’s plane orders from Boeing Co. and Airbus SE. He was speaking at a meeting with reporters in Montreal on Thursday. The airline may not be able to meet its previous financial targets but is “in good shape” as it opens new routes, he said."

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