In Pictures
Salaries, disposable income, luxuries, and savings; HSBC used these four factors to determine a league table of the best expat destinations from a financial point of view. Here’s the top ten.
Arabic News View
Kipp takes a look at some editorials from the Arabic press. This week: Iraq’s oil targets; US peace talks; Gaddafi and his girls; Jordan’s economy; Israel and Palestine prisoners.
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Last Week's Winner
Alia Akkad
Alia Akkad
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The great fares rip-off?
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Dubai government plans $6.5bn bond program
The Dubai government has set up a $6.5 billion debt borrowing program to raise funds, two bankers told Reuters on Sunday. The program includes a $4 billion Euro Medium Term Note program for
“infrastructure, financing and general budgetary purposes,” and a $2.5 billion Islamic bond, according to reports. The Dubai government and its government-related entities are expected to have total debts of around $80 billion.
The meetings are being arranged by Dubai Islamic Bank, Mitsubishi UFJ Securities International, Standard Chartered and UBS.
Iraq raises crude prices for U.S. Europe, Asia-source
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
The October price for Basra light crude for Asian buyers was set at a discount of $1.35.
Tags: bond program, debts, Dubai, government.
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