Business | Banking
Channel Sponsor
Federal treasury bills under consideration
The Ministry of Finance is working on a framework to issue federal treasury bills, to be presented to the Cabinet for consideration, an official said yesterday.
- By Ahmed A. Elewa, Senior Reporter
- Published: 23:32 June 2, 2008
Abu Dhabi: The Ministry of Finance is working on a framework to issue federal treasury bills, to be presented to the Cabinet for consideration, an official said yesterday.
The programme seeks to fix timeframes, legal and regulatory frameworks, procedures and requirements.
The ministry organised a workshop for the programme on Sunday, which was attended by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, and Sultan Bin Nasser Al Suwaidi, Governor of the central bank, in collaboration with the World Bank.
"Launching the federal treasury bills programme will help in creating a bonds market at the federal level, as treasury bills represent one of the best instruments that can be used to invigorate the national economy," said Khalid Yousef Mirza, dir-ector of financial operations department at the ministry.
Share this article
More from Banking
More from Business
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
Cafe Nero's premium coffee blends
UK chain plans to open 50 outlets in region following UAE launch
-
Emirates to fly direct to Tokyo
Airline considers code-share deal with JAL after adding second destination in Japan
-
Work on world's longest sea crossing
The proposed Qatar-Bahrain causeway project is estimated to cost Dh9.9 billion
