Arab Today, arab today uae feels no pressure to issue bonds
Last Updated : GMT 14:23:54
Arab Today, arab today
Arab Today, arab today

UAE feels no pressure to issue bonds

Arab Today, arab today

Arab Today, arab today UAE feels no pressure to issue bonds

Abu Dhabi - Arabstoday

The government of the UAE will further discuss its plan to introduce a law allowing public debt issues at the federal level, and it feels no pressure to issue bonds despite a budget deficit, Obaid Humaid Al Tayer, Minister of State for Financial Affairs, said on Tuesday. “The law is still under discussion within the government. We are not under pressure to issue any bonds,” Al Tayer said in a brief interview. “We are in no need to finance anything. We will be able to bridge the (budget) gap with our own resources.” Al Tayer did not say when he expected the long-awaited debt law to be signed, but added that discussions were likely to resume after the summer period. The UAE’s top advisory council passed the public debt bill in December 2010, aiming to establish a local debt market in the country. The legislation is still awaiting cabinet approval and the presidential signature which it needs to become law. A senior finance ministry official said in February that he expected the UAE’s first-ever federal sovereign bond issue to be around $1 billion, and that it would take place after the public debt bill was approved. Federal government bonds would be issued at intervals to help finance infrastructure projects. From khaleejtimes

arabstoday
arabstoday

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 uae feels no pressure to issue bonds Arab Today, arab today uae feels no pressure to issue bonds

 



Arab Today, arab today

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 uae feels no pressure to issue bonds Arab Today, arab today uae feels no pressure to issue bonds

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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