Europe's deepening debt crisis has put yet another damper on fund-raising by companies and governments in the Middle East, forcing them to put off planned bond sales until markets improve.
Dolphin Energy, a gas production and pipeline company based in Abu Dhabi, delayed a US$1.9 billion (Dh6.97bn) bond sale last month because of increasing uncertainty in global markets after holding meetings with investors.
Last week, Majid Al Futtaim Holding, a malls operator based in Dubai, also postponed a bond issue in the wake of the deteriorating European crisis.
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