Dubai starts to pay off Abu Dhabi debt

Issue 1177 - 29 Sep 2023 | 1 minute read

Dubai’s government plans to cut its debts by AED29bn ($7.9bn) this year, in a sign the emirate may be getting to grips with what has been a key economic vulnerability. In a statement, Dubai said it would pay off part of a AED20bn loan from the Central Bank of the UAE and Abu Dhabi government, which was provided after the 2008/09 financial crisis.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.

View a selection of Free articles

Explore subscription options

Follow us on Google News