The Eurasian Development Bank (EDB) has raised 200 million UAE dirhams (US$54 million) through a private bond placement in the United Arab Emirates (UAE), marking a new milestone in financial cooperation between the Gulf and Central Asia. The bonds, denominated in dirhams, were arranged by First Abu Dhabi Bank (FAB), the UAE’s largest financial institution, in partnership with the Abu Dhabi Fund for Development (ADFD), the country’s leading national development institution. [...]