Tag Archives | Sovereign Bond

UAE to issue Sovereign Bond: Another sign of recession and weak economy

The Federal National Council has passed a new public debt law, marking a key step toward the issuance of UAE’s first sovereign bond. The legislation, which needs presidential approval to become law, limits government debt to 25 per cent of the country’s gross domestic product, or Dh200 billion ($54.45 billion). An earlier version of the […]

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