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UAE to Start Dirham Debt Sales Next Month to Build Local Market

Residential and commercial skyscrapers on the skyline of Abu Dhabi, United Arab Emirates.

Residential and commercial skyscrapers on the skyline of Abu Dhabi, United Arab Emirates.

Photographer: Christopher Pike/Bloomberg

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The United Arab Emirates expects to start sales of dirham-denominated Treasury bonds in May in a bid to build its local financial and banking sectors.