الخميس، 27 سبتمبر 2012

Baluchi: 31 billion UAE AED bonds in 6 months

Confirmed Rashid Al Balushi, CEO of Abu Dhabi, the UAE leads the region in bond issues through 51 version, represented 58% of the number of versions that have been in the GCC during the first half of 2012, by 22.6%, totaling $ 8.5 billion(equivalent to 31.2 billion dirhams).

Baloch pointed out that the bond market to diversify sources of funding for companies and strengthen their transparency requirements, credit rating companies and investors.

Baloch's remarks came during the post Abu Dhabi Securities in the third financial summit in Istanbul which was held in the Turkish city of Istanbul during 24-25 September, according to the newspaper "the statement" the UAE.

Baloushi said "represents the summit and means of communication between us and those who on the world of finance and business in different countries, and we can through our participation to reflect the face of economic outstanding and unique investment opportunities available to the disposal of investors and in Abu Dhabi in particular and the UAE in general."

During the summit, discuss the situation of the financial sector in the world and the future of the global economy next to the economic developments in Turkey and the world, monetary policy and financial stability, next to propose alternatives to financial liquidity.

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