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Dubai's second US$10 billion-bond offer may come by year end
Source: BI-ME and Bloomberg , Author: BI-ME staff
Posted: Wed May 20, 2009 2:39 pm
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UAE. Dubai, which borrowed US$10 billion from the United Arab Emirates central bank as it struggles to meet loan repayments, may issue the second part of the US$20 billion-bond program by the end of this year.

The offer will be available to more participants, Abdulla Al Awar, Managing Director at the DIFC Authority, said in Dubai today.

Dubai sold US$10 billion of five-year bonds in February to assist state-owned companies struggling to raise cash during the credit crunch. The money will be used to meet payment shortfalls or repay loans, the government said.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 8, 2010
INTERNATIONAL. Trying to achieve financial goals by pouring all of one's assets into emerging markets today, telecommunications tomorrow, and Japanese small-cap stocks next week is not a guarantee for achieving a sound financial plan.
date:Posted: February 8, 2010
INTERNATIONAL. The latest survey shows 46% of respondents expect their business travel to increase, marking a rise by 22 points compared with figures of the same period in 2009.
date:Posted: February 8, 2010
INTERNATIONAL. Despite being widely affected by the economic downturn, the technology sector experienced various bright spots in 2009 which point to the direction the sector will take throughout the year.