UAE | Government

UAE plans bond sale

The UAE government is looking at selling its first government bonds, the Ministry of Finance's undersecretary said on Wednesday.

  • Staff Report
  • Published: 14:53 October 22, 2008
  • Gulf News

  • Shaikh Mohammad urged all ministers to strive to improve the performance of their respective ministries to meet the challenges of modern times and enable the UAE to maintain its status as a nation of institutions, supremacy of law and excellence.
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The UAE government is looking at selling its first government bonds, the Ministry of Finance's undersecretary said on Wednesday.

"We have been given a mandate by the Prime Minister's office to study the issuance of government bonds," Younus Al Khouri said on the sidelines of a news conference in the UAE capital, Abu Dhabi.

The ministry had hired the World Bank to conduct a study on the bond sale, which is not likely to happen before 2010, Al Khouri said, without giving details on the size of the potential bond sale.

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