Tuesday 19 March 2024
 
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Government bonds

UAE likely to ratify federal debt law this year

The UAE is likely to ratify a law by the end of this year that will allow the federal government to issue bonds, after which the UAE would issue about Dh80 billion to Dh100 billion ($22 billion to $27 billion) worth of debt, a senior finance min

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Saudi may issue government bonds this year

The Saudi Arabian government may resume issuing bonds this year, easing downward pressure on the country's foreign reserves caused by low oil prices, a senior International Monetary Fund official said after talks with Saudi officials.

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Moody's changes Egypt's outlook to stable from negative

Moody's Investors Service has today (October 20) changed Egypt's outlook to stable from negative and affirmed its Caa1 government bond rating. Key drivers for the outlook change to stable from negative are the stabilised p

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Saudi Arabia shares tumble, Dubai extends drop

Saudi Arabia's main stock index tumbled in early trade on Sunday as worries about economic growth sparked sharp declines on global and regional markets, while Dubai plunged 6.7 per cent and Abu Dhabi slid 2.1 per cent. Saudi&#

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Qatar pledges flexibility over govt bonds

Qatar's central bank will be more flexible in planning future auctions of government bonds, adjusting the timing and characteristics of the issues depending on market conditions and its policy stance, the bank's chief said yesterday.

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Bahrain’s $923m govt bonds oversubscribed

The Central Bank of Bahrain (CBB) has announced that the issue of the 7.5-year government development bonds worth BD350 million ($923 million) has been oversubscribed by 125 per cent. Subscriptions worth BD438 million ($1.15 billion) we

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Fiscal surpluses ‘driving Kuwait bonds’

Structural fiscal and current account surpluses are the main drivers behind Kuwait's Aa2 government bond ratings and its stable outlook, said a credit report on Kuwait published by Moody's. A gradual improvement in the Kuwaiti government's

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UAE 'must create local bonds market'

The United Arab Emirates needs to double efforts to create a local market for government and corporate bonds, Central Bank Governor Sultan Nasser Al-Suweidi said. "When it comes to adequacy and quality of capital, we don't have any difficu

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Demand for Bahrain sovereign debt 'strong'

Demand for Bahrain sovereign debt remained strong during the first quarter of 2011, the Central Bank of Bahrain (CBB) has announced. The domestic issues of government debt, which the Central Bank manages on behalf of the Ministry of Financ

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Moody's lowers Egypt outlook to negative

Moody's Investors Service has downgraded Egypt's foreign and local currency government bond ratings by one notch to Ba3 from Ba2. The outlook on these ratings remains negative. Today's rating action was prompted by 'the pro

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