Sukuk issue to boost Dubai’s global ambitions - FT.com:
"Dubai’s financial centre is to issue an Islamic bond to pay down bank debt and drive a new phase of growth as the city seeks to become the hub for trade and finance between emerging markets.
The Dubai International Financial Centre, already the region’s main financial hub as it approaches its 10th anniversary, hopes to grow by 50 per cent over the next three years by linking Europe and North America with Asia and, increasingly, Africa.
“South-south financial relationships are going through Dubai,” Essa Kazim, the government-owned DIFC’s governor, told the Financial Times in an interview. “We can act as a gateway to Africa.”"
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