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The government of Sharjah starts marketing Formosa bonds on Tuesday.
The government of Sharjah, the third largest of the United Arab Emirates, started marketing US dollar-denominated 30-year Formosa bonds on Tuesday at about 4.375%, a document showed.
Formosa bonds are sold in Taiwan by foreign borrowers and are denominated in currencies other than the Taiwanese dollar.
The move to stop dealing with cash comes as part of the municipality’s efforts to constantly upgrade its work system and provide best services to its customers.
The generous second package of incentives which comes under the directives of Dr Sheikh Sultan reaffirms Sharjah’s commitment to achieving more investment attraction in various fields. This was stated by Issa Ataya, CEO, Alef Group during an exclusive interview with Gulf Today.
The facility was significantly oversubscribed due to strong market demand, which enabled the Govt. of Sharjah to tap $500 million instead of the initial amount of $400 million, said the Bank's CEO Mohamed Khadiri.
Nakheel’s customers include property owners, retail and hospitality tenants and small business operators. The package includes free rental periods for retail and hospitality partners who operate within the Nakheel Malls portfolio.
This initiative and achievement demonstrate ADA and Leonardo’s capability and active commitment in reducing the impact that aviation has on global carbon emissions.
Expanding its global footprint, Havells Partners with TeknoDome to roll out Lloyd’s range.
The CEO of Masdar said that Masdar has contributed significantly to achieving the country’s goals in the field of renewable energy and has played a pivotal role in diversifying the UAE’s portfolio of renewable energy..
The COP28 opened its doors to the public in Dubai as the off-plan super prime real estate sector in Dubai continues to grow from strength to strength with high interest and record sales prices being attained in new luxury projects.