Dubai wealth fund said to seek $1bn loan

The loan was priced at a spread of 215 basis points over benchmark rates. HSBC Holdings, Citigroup, Standard Chartered, Emirates NBD and Dubai Islamic Bank were among lenders that provided the original loan. ( read original story ...)

Nasdaq Dubai launches futures on ADX to attract investors

The index provides a benchmark of the overall performance of the ADX market which is the second largest in the GCC by market capitalisation and includes First Abu Dhabi Bank, Eshraq Properties ... latest expansion of Nasdaq Dubai’s futures market ... ( read original story ...)

Interest growth boosts UAE banks profits: Moody’s

After a 4 per cent decline in Q2 2017, FAB registered the highest increase at 4.5 per cent in Q4, reflecting their solid deposit franchises as the largest bank in the UAE. • Deposit growth at ENBD and DIB was around the 2 per cent average total growth of ... ( read original story ...)

Dubai Investments unveils University of Balamand in Dubai

Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, has announced that the University of Balamand in Dubai [UOBD], its wholly-owned subsidiary, is set to open its first UAE campus in Dubai ... ( read original story ...)

The financial lessons I’ve learnt after a decade in the UAE

Don’t get me wrong, I’ve done pretty well after almost a decade in the UAE. I have savings I could have only dreamed of before arriving, travelled to almost 40 countries, compiled a priceless memory bank of experiences and made the dearest of friends. ( read original story ...)