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UAE Cabinet adopts public debt strategy

UAE Cabinet adopts public debt strategy
The UAE Cabinet also formed a federal council for the circular economy

UAE - Mubasher: The UAE Cabinet has adopted a public debt strategy for the federal government, Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister, and Ruler of Dubai, announced on its official Twitter account.

During its meeting held on Sunday, the UAE Cabinet has launched the new public debt strategy to build a bond market in the local currency and activate the financial and banking sector in the UAE.

The UAE Cabinet also formed a federal council for the circular economy to ensure clean production, sustainable transportation and consumption, and efficient waste management.

Meanwhile, Sheikh Mohammed bin Rashid also announced that the UAE was ranked 18th in the world in its soft power indicators.