Dubai to Boost COVID-19 Economic Recovery using Conventional Bond and Sukuk Markets

The Emirate of Dubai, in the United Arab Emirates (UAE), is prepping for a return to the global debt market for the first time since 2014, according to media reports, in a move to help bolster Dubai's services-oriented economy which still recovering from the impact of the COVID-19 pandemic.

Dubai's Department of Finance said it had tasked banks with making investor calls across Asia to Europe from the 31st of August 2020, prior to the up-coming issuances of ten to thirty-year debt, including both Sukuk and conventional debt.

According to media reports, bankers have projected the first debt issuance to reach USD 2 billion, owing to the strong global appetite for sovereign debt in the...