Real estate related economic and financial news covering the MENA region.
UAE finance minister: no immediate need to issue bonds
Jul 24, 2012
UAE finance minister Sheikh Hamdan bin Rashid al-Maktoum has said the country has no immediate need to issue bonds to cover a small budget deficit this year, as it can cover the shortfall with its own resources, Al Ittihad has reported. ôThe government is not in a dire need for issuing bonds,ö Sheikh Hamdan was quoted as saying by the daily. ôWe don't need to finance anything and we should be able to fill the gap from our own resources,ö he said.