Taking advantage of improved investor sentiment and low interest rates, the Dubai government and several government-related entities (GREs) in the UAE have come forward to tap international credit markets. Judging by recent announcements, the amount of new debt issued could be in the range of US$10bn over the next six months.Labouring under a heavy pile of debt, the emirate managed to change perce
Monetary policy will continue to focus on protecting the banking sector and increasing liquidity in 2011, but the Central Bank of the UAE will also monitor inflation closely. The temporary repo (repurchase) rate of just 1%, introduced in October 2010, remains in place in order to increase liquidity in the financial system. The introduction of a new system to calculate the Emirates interbank offere
