UAE and Seychelles Boost Parliamentary Cooperation

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  In a step toward deepening international collaboration, the UAE Parliamentary Friendship Committee recently held a pivotal meeting with Waven William, Chairperson of the International Affairs Committee of the National Assembly of Seychelles. The agenda: enhancing parliamentary cooperation and forging stronger bilateral relations between the two nations. The dialogue, marked by mutual respect and shared interests, focused on the importance of inter-parliamentary exchange in fostering diplomatic and developmental ties. Both sides emphasized the need for collaborative approaches to global challenges such as climate change, economic diversification, and sustainable development — issues that resonate deeply with both countries given their strategic geographic locations and shared ambitions. Waven William lauded the UAE’s rapid progress in governance and innovation and expressed interest in learning from the UAE’s successful models of economic and social development. The UAE representa...
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UAE Has Unexpectedly Tapped the Market Multiple Times with Great Result

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Here’s something good that I want to share with what I read today. It’s about how Abu Dhabi plans to sell US dollar securities on in its first attack in the global obligation advertises this year, raising money for state coffers in spite of a new bounce back in oil costs. This oil-rich emirate gave beginning direction of 70-75 premise focuses over US Treasuries for seven-year US dollar-designated securities expected to cost later in the day.

Looking back, The UAE was hit hard by the COVID-19 pandemic and a year ago's accident in oil costs, however a bounce back in worldwide unrefined interest as economies re-open has diminished the earnestness to get for spending purposes. But as we can see, Abu Dhabi has become a generally regular backer of US dollar-designated obligation lately, and tapped the market multiple times a year ago for a sum of $15 billion. Just imagine that. Even so, it had extraordinary bonds and exceptional credits which made it more interesting to anticipate for the next years to come.

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