He said: “The UAE continues to consolidate its position as one of the most competitive and progressive economies in the world. of the country and contributing to enabling sustainable growth and creating investment options.” Safe and progressive, denominated in the UAE dirham for investors, and improving the country’s investment environment.”
He emphasized the importance of continuous efforts to launch and support transformative initiatives and projects, which contribute to the development of the country’s financial sector and support its strategic plans in the period future, highlighting the importance of strengthening partnership with all parties and achieving effective integration in the implementation of development and strategic projects, and working on proactive initiatives that ensure their readiness for the future and meets the objectives of this phase.
The Ministry of Finance said that the success of the Government Treasury Bond Program and the Islamic Finance Sector Sukuk Program reflect the high confidence enjoyed by the investment environment in the UAE as one of the most competitive and progressive economies in the world. world, and confirms the Ministry of Finance. The willingness of the Treasury to effectively develop federal resources with the aim of diversifying sources of income to ensure the maintenance of the high standards of the UAE’s financial system.
The ministry indicated that it paid the value of two-year financial bonds with a total of 4.85 billion dirhams in May 2024, bringing the total outstanding bonds to 6.35 billion dirhams, and thus the total public debt in unpaid for government bond programs. and Islamic finance sukuks to 20.15 billion dirhams, until the end of August 2024. The UAE received a sovereign credit rating of AA- with a stable outlook from the international credit rating agency Fitch, and a credit rating of “Aa2”, which is the sovereign rating strongest in the region with a stable outlook, from the international rating agency Moody’s.
“>
According to data from the Ministry of Finance, the Government Treasury Bonds and Islamic Finance Sector Sukuks programs, since their launch until the end of August 2024, had been issuing financial bonds worth 11.2 billion dirhams, and Islamic financial bonds worth 13.8 billion dirhams, with totality. amounting to 25 billion dirhams.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said that the success achieved by the government’s financial bond program and the Islamic finance sukuk program denominated in dirhams confirming the strong policies related to the investment targets it is pursuing. UAEThis contributes to strengthening its position as an attractive destination worldwide and as an incubator for financial investments.
He said: “The UAE continues to consolidate its position as one of the most competitive and progressive economies in the world. of the country and contributing to enabling sustainable growth and creating investment options.” Safe and progressive, denominated in the UAE dirham for investors, and improving the country’s investment environment.”
He emphasized the importance of continuous efforts to launch and support transformative initiatives and projects, which contribute to the development of the country’s financial sector and support its strategic plans in the period future, highlighting the importance of strengthening partnership with all parties and achieving effective integration in the implementation of development and strategic projects, and working on proactive initiatives that ensure their readiness for the future and meets the objectives of this phase.
The Ministry of Finance said that the success of the Government Treasury Bond Program and the Islamic Finance Sector Sukuk Program reflect the high confidence enjoyed by the investment environment in the UAE as one of the most competitive and progressive economies in the world. world, and confirms the Ministry of Finance. The willingness of the Treasury to effectively develop federal resources with the aim of diversifying sources of income to ensure the maintenance of the high standards of the UAE’s financial system.
The ministry indicated that it paid the value of two-year financial bonds with a total of 4.85 billion dirhams in May 2024, bringing the total outstanding bonds to 6.35 billion dirhams, and thus the total public debt in unpaid for government bond programs. and Islamic finance sukuks to 20.15 billion dirhams, until the end of August 2024. The UAE received a sovereign credit rating of AA- with a stable outlook from the international credit rating agency Fitch, and a credit rating of “Aa2”, which is the sovereign rating strongest in the region with a stable outlook, from the international rating agency Moody’s.
2024-09-23 09:19:14
#UAE #billion #dirhams #issuing #government #bonds #Islamic #bonds
