Dim Sum in Dubai

Dim Sum in Dubai  

Dubai-based Emirates NBD, which is the largest bank in the United Arab Emirates, is issuing $119 million in Dim Sum Bonds. 

While the bank's issuance isn’t record breaking, it marks the first dim sum bond sale for the Gulf region and signals China's growing appetite for foreign investment.

In January, Chinese Premier Wen Jiabao visited the United Arab Emirates and signed a $5.5 billion currency swap deal to boost trade and investments between the two countries. And with Emirates NBD entrance into the dim sum bond market is a sign of China's effort to strengthen its economic and diplomatic ties with oil-rich Gulf countries.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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