You are hereHome CategoriesNews
UAE central bank may buy Dubai bonds, says Barclays Capital
Source: BI-ME and Bloomberg , Author: BI-ME staff
Posted: Mon August 3, 2009 10:34 am

UAE. The central bank of the UAE probably will be among the biggest buyers of more bonds being sold by the Dubai government, Barclays Capital said.

The central bank may subscribe alongside a few Dubai-based banks, Barclays Capital economist Alia Moubayed told Bloomberg.

Central Bank Governor Sultan bin Nasser al-Suwaidi said on 15 July the UAE may buy part of Dubai’s bond sale after purchasing the first tranche in February.

Dubai is raising funds to help state-controlled companies through the global credit crisis and has issued a decree setting up a company to manage the proceeds, the emirate’s Department of Finance said last month.

Emirates Business 24/7 reported today that Ajman Bank, part-owned by the government of the emirate of Ajman, may subscribe to the second half of the bond program.

Dubai has already spent at least half of the US$10 billion raised from the sale of five-year bonds in February to the U.A.E. central bank. The sale was part of a US$20 billion medium- term note program and the second tranche is expected to be sold before the end of the year.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 27, 2016
INTERNATIONAL. The specific technologies that will have the biggest impact on each industry will vary, but PwC analysis identifies the "Essential Eight" which will have the most cross-industry and global impact over the coming years.
date:Posted: July 27, 2016
UAE. You can break security analytics in threat management into discovery analytics -right brain and investigative analytics -left brain - the fundamental pillars in a cyber security framework.
date:Posted: July 27, 2016
UAE. "The strong US dollar is one of the biggest barriers to a Dubai real estate recovery now. Unfortunately, a strong dollar also is usually associated with a low oil price, signifying a double hit to the market."
INTERNATIONAL. The specific technologies that will have the biggest impact on each industry will vary, but PwC analysis identifies the "Essential Eight" which will have the most cross-industry and global impact over the coming years.
dhgate