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UAE central bank may buy Dubai bonds

The bank will probably be one of the...

August 3, 2009 6:24 by

The UAE central bank may probably be one of the biggest buyers of bonds being sold by the Dubai government, according to Barclays Capital.The central bank may subscribe for the bonds along with a few Dubai-based banks, Barclays Capital economist Alia Moubayed told Business Middle East.

Central Bank Governor Sultan bin Nasser al-Suwaidi had said last month that the UAE may buy part of Dubai’s $10 billion bond sale.

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