Move aims to amplify Zambia’s renewable energy capacity
The Government of Dubai, acting through the Department of Finance (DOF), on Tuesday announced that it repaid the $500 million bond certificate on time despite a challenging environment across the globe in the wake of Covid-19 crisis.
The $500 million Fixed Rate Note was issued on June 22, 2011 under the government's Euro Medium Term Note Programme, reached maturity on June 22, 2021.
Upon maturity, all the notes have been redeemed in full by making the required payment through the paying agent to the holders of the notes, along with accrued interest.
Abdulrahman Saleh Al Saleh, director-general of DOF, said the Government of Dubai’s ability to fulfill its financial obligations reflects its deep fiscal stability amidst the circumstances imposed by the current global crisis.
"The government's solvency has allowed it to fulfill its past and current obligations and will continue to enable it to meet all future obligations on time," he said.
"We have been successful in overcoming the most challenging repercussions of the global pandemic, and have now entered a solid phase of recovery, thanks to the measures taken by the government to ensure rational prioritised spending, under the directives of our leadership," Al Saleh added.
— muzaffarrizvi@khaleejtimes.com
Move aims to amplify Zambia’s renewable energy capacity
More vertiports will be set up in strategic locations across Abu Dhabi, including major business hubs and tourism destinations
Kerala will decide the fate of 194 candidates as polling on all 20 parliamentary constituencies will be held in the second phase
Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
The oil and gas conglomerate and Fifa, the world governing body, sign major sponsorship agreement
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games