UAE c.bank says new public debt law will make market more resilient, benchmark yield curve | Reuters:
The United Arab Emirates central bank said on Monday that a new public debt law which was approved last week will create a more resilient financial market, benchmark the yield curve and provide more diversified sources of financing.
The bank’s watchdog also said the “law will mobilise additional domestic savings and attract capital inflows”, according to an emailed statement.
The UAE issued a law permitting the federal government to begin issuing sovereign debt, the finance ministry said on Saturday.
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