ALBAWABA- Russia said that it will deploy nuclear weapons in Belarus starting next month.Russian President Vladimir Putin confirmed that nuclear weapons will be placed in Belarus, which is a strong ...
Dubai Secures 2009 Funding, Says DIFC Chief Economist
The Emirate of Dubai secured 2009 funding this week due to a US $20 billion bond issuance, of which the Central Bank of the UAE purchased the first half already, a leading UAE economist says.
Dr. Nasser Saidi, Chief Economist of the Dubai International Financial Center, explained in a statement to CNBC Arabiya that Dubai’s debt reached US $12 billion this year, and the timely bond issuance helps mitigate repercussions from the global economic crisis.
Dr. Saidi noted that the emirate’s increased spending and investment plans will lead to a shortfall in Dubai’s GDP of 3 to 3.5 percent. The bond issuance will enable Dubai to meet its fiscal obligations and proceed with its development programs.
As the region’s first and premier 24-hour live Arabic Business TV channel, CNBC Arabiya recently re-launched to include 12 new programmes. Along with a new programming schedule, the CNBC Arabiya re-launch reveals a brand new studio layout.