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UAE issues new law on public debt, sovereign bondsUAE President HH Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decretal Law No. (9) of 2018 on public debt, to enable the federal government to issue sovereign bonds, and help the banking sector meet international liquidity rules as so More… |
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Bahrain needs to cut public debt urgently: IMFBahrain, which last year boosted state spending, urgently needs to reform its economy to stop its debt burden becoming unsustainable, the International Monetary Fund said. Bahrain upped its original 2012 expenditure plan by nearly More… |
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Bahrain needs to cut public debt urgently: IMFBahrain, which last year boosted state spending, urgently needs to reform its economy to stop its debt burden becoming unsustainable, the International Monetary Fund said. Bahrain upped its original 2012 expenditure plan by nearly More… |
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G20 mulls cutting debt to below 90pc of GDPFinancial leaders of the world's 20 biggest economies will consider next week in Washington a proposal to cut their public debt over the longer term to well below 90 percent of gross domestic product, a document prepared fo More… |
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Bahrain mulls move to slash public debtsBahrain’s Cabinet yesterday discussed plans to slash public debts and rationalise government expenditure within a time frame. HRH Prime Minister Prince Khalifa bin Salman Al Khalifa chaired the weekly session at Gudaibiya Pa More… |
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Cut luxury spending, urges Bahrain PMBahrain’s Premier yesterday called for more government efficiency to reduce public debt and budget deficit, saying that they must be kept at manageable levels to protect the Kingdom’s economy and maintain confidence in it. More… |
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Lebanon public debt to hit $59bn in 2011Lebanon's public debt is expected to rise to between $58 billion and $59 billion by the end of 2011, Finance Minister Mohammed Safadi said on Friday, compared with $52.6 billion at mid-year. Safadi's estimate, given to reporters at More… |
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Mideast public debt markets 'are robust'The regional public debt markets have continued to be reasonably robust in the first quarter of the year, according to a report by international professional services organisation PwC. Some sizeable issuances placed include, among others, More… |
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UAE assembly approves public debt lawThe United Arab Emirate's national assembly passed a new public debt law on Tuesday, marking a key step toward the issuance of the country's first sovereign bond. The law was approved by the Federal National Council, a parliamentar More… |
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Lebanon debt may surge to $47bnLebanon's public debt last year is expected to have reached $47 billion, the country's finance minister Mohammad Chatah said. Lebanon's gross public debt stood at around $45.65 billion at the end of September last year, the min More… |
