Dubai property sukuk rally on Expo hopes
Event's hosting right to spur 26b dirhams of infrastructure
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[DUBAI] As spotless black sedans shuttled World Expo officials through Dubai's streets last week, yields of Islamic bonds from local developers Emaar Properties and Nakheel dropped to record lows.
The declines underscored growing optimism that the Middle East business hub and second richest member of the United Arab Emirates (UAE) 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.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
