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FINANCIAL NEWS
Abu Dhabi, central bank of the UAE to refinance USD20 b debt
17 Mar 2014
(MENAFN) Abu Dhabi and the central bank of the UAE have announced their plan to refinance USD20 billion of debt that was extended to the Dubai government, according to Arab News.
The debt will be rolled over for five years at a 1 percent annual interest rate.
A five-year loan was offered to Dubai by the Abu Dhabi government and covers USD10 billion, and USD10 billion of five-year bonds which Dubai issued to the UAE central bank.
More News
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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