Explore the 1040 Window

The United Arab Emirates issued Decree Law which may have a significant effect on the capital markets and state of the public finances in the UAE. The Law permits the federal government of the UAE to issue sovereign debt for the first time through the sale of bonds or other debt instruments. Government sources have pointed out the potential of the law to support the establishment of a primary and secondary market and provide a means for long-term bonds to be issued to contribute to alternative sources of funding for federal government projects and federal level guarantees. Pray that the new law will lead the country to increased generosity. Pray that the trades will be useful for enforcing the government projects (The Bible, Proverbs 22:9).