The applicant must be a permanent resident in Dubai, and meet financial eligibility conditions
life and living3 hours ago
The bond is part of a global medium term note programme that the emirate has mandated Citi, Deutsche Bank and JPMorgan to arrange, Citi said in an e-mail.
Abu Dhabi, along with the other six emirates in the United Arab Emirates, has seen a six-year economic boom fade as a result of falling oil prices and recession in the industrialised world.
But recent easing of global credit conditions and improved risk appetite is expected to help the issue, one of several recent Eurobond sales by emerging state borrowers.
The cost of insuring Abu Dhabi’s debt in the credit default swaps (CDS) market has fallen sharply since February and now trades at around 370 basis points, meaning it would cost $370,000 a year to protect $10 million of five-year debt, down from highs above 440 basis points.
The applicant must be a permanent resident in Dubai, and meet financial eligibility conditions
life and living3 hours ago
The cost of the service starts at Dh30, depending on the type and complexity of the required tests
life and living3 hours ago
Lebanon's health ministry said Saturday that hospitals in Beirut's southern suburbs would be evacuated after heavy Israeli strikes in the area
mena3 hours ago
The agency was honoured for its exceptional performance for the third consecutive year
kt network3 hours ago
A video advisory explained several dos and don'ts in the UAE, from respecting people's privacy to avoiding fake news and immoral content
uae3 hours ago
The UAE delegation also held bilateral meetings with other participating countries to strengthen cooperation in these fields
uae4 hours ago
After huge raids on Friday, Israel issued fresh warnings for people to leave the densely populated Dahiyeh suburbs early Saturday
mena4 hours ago
The facility has been treating vulnerable populations, including Sudanese refugees who are fleeing the conflict in their home country
uae4 hours ago