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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
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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