The institute aims to strengthen ties between Arab and Western civilisations
The note issues comprise a five-year $1-billion issue maturing August 1, 2013 and a 10-year $500-million issue maturing August 1, 2018, said Standard & Poor's in a statement yesterday stressing that the issuances conform to the terms governing all senior unsecured notes.
It said the state-controlled investment company, also known as Taqa, is an important vehicle for the capital's global investment, and has major shareholdings in critical power and water desalination assets. The ratings therefore reflect the ongoing sovereign support for Taqa, as expected by Standard & Poor's, although there are no formal guarantees.
"We apply a one-notch differential between the rating of the Emirate and Taqa to reflect this support," it stressed in a note from London.
It said that proceeds from the note issuances would be used to pay some of the drawings under Taqa's short-term facilities as well as to fund its corporate activities, including acquisitions planned over the next few years.
The institute aims to strengthen ties between Arab and Western civilisations
Social workers have strongly urged all overstayers to take immediate steps to regularise their status within the stipulated time frame
Some tickets were relisted on resale sites for as much as Dh38,581
Here's a list of the places you can go; entry is free to most of them
Some of the survivors were still recovering at hospitals while others were already in their homes
The vaccines will be flown to Democratic Republic of the Congo, Nigeria, South Africa, Ivory Coast and Cameroon
‘My current position is, to be honest, beyond all my pre-tournament expectations,’ said the tournament host
The confirmed case involved a 51-year-old man, who is currently in stable condition and undergoing treatment