UAE To Sell Federal Bonds For The First Time In 2020, Senior Official Says
In 2018, the UAE issued a law which allows the country's federal government to begin issuing sovereign debt
In an interview with Al Arabiya TV station, Younis Haji al Khoori said that the bonds would be “for the achievement of certain goals for the UAE, and the proceeds are not used to fund the budget, except in certain capital projects.”
The UAE plans to sell federal bonds for the first time in 2020, according to Ministry of Finance undersecretary Younis Haji al Khoori.
In 2018, the UAE issued a law which allows the country’s federal government to begin issuing sovereign debt, which were traditionally sold by the individual emirates.
In an interview with Al Arabiya TV station, al Khoori said that the bonds would be “for the achievement of certain goals for the UAE, and the proceeds are not used to fund the budget, except in certain capital projects.”
“Right now, we are preparing for a credit evaluation for the country, and after the evaluation we will meet with banks to choose some, either local or international, to help the ministry with the first issuance and we expect the federal issuances to start in 2020,” he added.
Earlier in 2019, the state-owned Emirates Development Bank sold $750 million in bonds, becoming the first government entity to tap international capital markets.
Dubais Magellan Capital Launches Flagship $975m Hedge Fund
Dubai-based manager is opening its absolute return platform to third-party capital for the first time The post Dubai’... Read more
UAEs FAB Posts 22% Jump In Q4 Profit, Beats Estimates
UAE's biggest bank FAB reported a record 2025 profit after strong Q4 results, higher non-interest income and expanding ... Read more
Dubai Unveils $27.2bn DIFC Zabeel District In Landmark Financial Hub Expansion
Dubai unveils $27.2bn DIFC Zabeel District, a landmark expansion set to reshape the city’s financial hub amid global ... Read more
Digital Payments Dominate Saudi Arabia As Cash Use Continues To Decline, Visa Says
Visa research shows 80% of transactions in Saudi Arabia are now digital, highlighting accelerating consumer shift away ... Read more
Saudi Venture Capital Surges 145 Per Cent To $1.72bn In Record 2025
Saudi Arabia leads MENA venture capital for a third year, with 2025 investment reaching $1.72bn across a record 257 dea... Read more
GCC Debt Market Tops $1.1trn As Dollar Issuance Surges – Report
Fitch Ratings says GCC debt capital markets grew 14% in 2025, led by US dollar borrowing and record sukuk activity The ... Read more