The measure seeks to offer a broader spectrum of savings options beyond conventional options such as real estate, stocks or bank deposits.
Al Khoori explained that the issuance of individual bonds does not have a set schedule, as the ministry is currently focusing on the issuance of treasury bonds, issued every six weeks, in collaboration with the UAE Central Bank.
The Undersecretary highlighted that the key objective of the public debt strategy is to ensure the availability of the necessary liquidity so that the country’s financial and banking sector can purchase bonds to meet specific requirements.
On corporate tax, Al Khoori said: “There is no impact of corporate tax on the growth of the number of companies in the country in 2023. Government incentives, along with updates and additions to existing laws and regulations, as well as Cabinet decisions, have played an important role in attracting a large number of companies, including both establishing new headquarters and relocating them to the United Arab Emirates.”