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Dubai repays $1 billion in sukuk, $300 million of which are 4 years before maturity

The office also announced an early repayment of an additional $300 million Islamic sukuk (about Dhs1.1 billion) four years before its maturity date. ....

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Mohammed approves Dhs205 billion Dubai budget for 2023-25

The budget cycle came to meet the aspirations of the future and confirm Dubai's determination to continue developing and stimulating entrepreneurial activities, attracting more foreign investments, achieving welfare for society and meeting its requirements, and consolidating the emirate's position as a land of opportunities and innovation. ....

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UAE loan payments, new loans: Use of Dh50 billion in zero-cost facilities for banks, finance companies extended


Dubai: In a regular meeting of the Board of Directors of the UAE Central Bank on Wednesday, the attendees were briefed on the comprehensive stimulus economic plan and its role in mitigating the financial and economic fallout of the COVID-19 pandemic. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, Chairman of the Board of Directors of the UAE Central Bank chaired the meeting. 
This includes a decision to extend the Dh50 billion zero-cost facilities available for the use of banks and finance companies. This extension is part of the postponement program to enable deferral of payments of loans from individuals and sectors affected by the repercussions of the pandemic until the end of 2021. ....

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