Thursday 30 January 2014

Dubai’s debt management will be key to sustainable growth | GulfNews.com

Dubai’s debt management will be key to sustainable growth | GulfNews.com:



"Finding appropriate funding options and managing the debts of Dubai government and government-related entities (GREs) will not only be key to the success of Expo 2020 but will result in longer term economic benefits from the event, Monica Malik, chief economist of EFG Hermes said.



Private-sector credit growth in the UAE is expected to accelerate between 2014 and 2020. Between 2014 and 2020 both consumption and investment demand will drive the credit growth with larger credit demand coming from the corporate sector.



With already high levels of credit exposures many GREs have, and new credit exposure limits set for these entities by the central bank, analysts say many GREs will have to look for alternative funding options outside of the banking system."



'via Blog this'

No comments:

Post a Comment