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Oman looking to raise $2 billion in Islamic bonds

18 May 2017
Oman looking to raise $2 billion in Islamic bonds
Oman is looking to raise $2 billion by issuing Islamic bonds this month.

That’s what Finance Minister Darwish Al-Balushi has told Bloomberg.

Lower oil prices have created a budget deficit expected to reach 12 per cent this year.

Al-Balushi said the government had taken several fiscal and economic reform measures, and that the economy was heading in the right direction.