Standard Chartered Bank.Dubai’s government | Al Bawaba

Standard Chartered Bank.Dubai’s government latest

The debt comprises $10 billion from the UAE Central Bank, which is due to mature in February 2014 and $5 billion each from two state-owned banks in Abu Dhabi — National Bank of Abu Dhabi and Al Hilal Bank — maturing in November 2014.

September 25th, 2013 - 09:44 GMT

Dubai can take care of itself and won't be seeking more 'favors' from Abu Dhabi

Dubai is not in negotiations with Abu Dhabi to refinance a $20 billion debt that will be due next year, a top government official said on Tuesday.