Arab Today, arab today dubai\s total borrowings stand at dh1154b
Last Updated : GMT 18:03:08
Arab Today, arab today
Arab Today, arab today

Dubai\'s total borrowings stand at Dh115.4b

Arab Today, arab today

Arab Today, arab today Dubai\'s total borrowings stand at Dh115.4b

Dubai - Arabstoday

The total outstanding external term borrowings of the Government of Dubai stood at Dh115.4 billion as on May 20 in addition to which the government also has financial contingencies and extended guarantees, according to an investor presentation made on Friday by the emirate\'s department of finance. On Thursday, the government said it plans to test credit-market sentiment again and issue a dollar-denominated, benchmark-sized bond, amid signs that confidence in Dubai\'s economic fundamentals is slowly returning. Dubai\'s department of finance has appointed UBS AG, Royal Bank of Scotland Group PLC and Emirates NBD for a dollar-bond issue under its EMTN programme. Proceeds will be used for general budgetary purposes. A series of meetings with fixed-income investors will take place in London tomorrow and on Tuesday, with the bond expected to launch and price thereafter, subject to market conditions, according to a banker familiar with the matter. Dubai\'s nominal GDP was Dh300.8 billion in 2010 and its total direct debt/nominal GDP ratio about 38 per cent, according to the presentation, which was seen by Zawya Dow Jones on Friday. The Dubai Government has provided outstanding guarantees to the tune of Dh7.6 billion towards the financial obligations of the Dubai Electricity and Water Authority and Dh6.53 billion guarantee exposure to the DURL Consortium with respect to Dubai Metro, the presentation said. The government has also provided shortfall guarantees to the tune of $2.19 billion (Dh7.92 billion) related to the restructuring of Dubai World. From / Gulf News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai\s total borrowings stand at dh1154b Arab Today, arab today dubai\s total borrowings stand at dh1154b

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 13:56 2017 Thursday ,23 February

BIDEC2017 set to attract military industries

GMT 13:51 2017 Thursday ,23 February

Estiqlal Highway to be partly closed for maintenance

GMT 13:27 2017 Thursday ,23 February

Ceramic glazing workshop launched

GMT 13:22 2017 Thursday ,23 February

Alba supports BIGS2017

GMT 11:51 2017 Thursday ,23 February

Dubai to launch driverless flying cars by this summer

GMT 06:49 2017 Thursday ,23 February

Moroccan Consumer’s Confidence Crumbles
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday