IDB to launch $10 billion Islamic bond program in Dubai

DUBAI (Reuters) - The Islamic Development Bank (IDB) will set up a $10 billion sukuk issuance program on the Nasdaq Dubai exchange, a boost to Dubai's efforts to become a top center for Islamic finance in competition with other cities.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/StsowDSpGxk/story01.htm