A planned public debt management law for the United Arab Emirates--a key precursor to a first federal bond issue--will move closer to passing after the finance committee at the Federal National Council, the country's quasi-parliament, discusses it next week, the committee's chairman told Zawya Dow Jones Tuesday.
Abdulla Nasser Al Mansouri, chairman of the Federal National Council, or FNC, committee on finance and economic affairs, said the committee will meet on Dec. 21 to discuss an amended version of the draft law, an earlier version of which the FNC had approved last year.
"The government had their own additions to make to the law," Al Mansouri said on the sidelines of an FNC meeting. He didn't further explain what the additions are.
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