The total direct debt of the Dubai government was about 123.45 billion dirhams ($ 33.61 billion) on June 30th, and it includes debts owed to the government of Abu Dhabi and the Central Bank of the UAE.
According to Reuters, in December 2018, Dubai renewed a 5-year credit facility worth $ 10 billion from Abu Dhabi, according to a basic prospectus for a planned debt sale on Monday. / p>
and in March of 2019, Dubai renewed a 5-year loan of $ 10 billion from the Central Bank.
And last April, the Dubai Department of Finance concluded 3 debt deals consisting of a 10-year Islamic debt facility worth 7.7 billion dirhams and a 7-year bilateral loan of 275 One million dollars and an 8-year loan of one billion dirhams.
(Amazon Fun Knowledge)
