Daily brief: Dubai Financial Market profits rise, Superbowl ratings dip

February 7, 2017 10:14 am

Stack of newspapers. (Image: Alamy)

The Dubai Financial Market reported a 4-6 per cent increase in its fourth-quarter net profit, which reached $21.4 million. Here are the top seven business stories you need to know today.

 

UAE bank NBAD aims to double size of debt programme to $15bn

National Bank of Abu Dhabi (NBAD) said on Tuesday it will seek shareholder approval to double the size of its euro medium term note programme to $15 billion from the existing level of $7.5 billion.

 

Oil prices firm, but kept in range by mixed price signals

Oil firmed on Tuesday after falls the previous session, with markets torn between mixed price indicators that have kept crude range-bound for much of the year.

 

Despite overtime finish, NFL Superbowl draws lower TV ratings

Fox Television’s broadcast of Superbowl LI on Sunday night drew 111.3 million viewers, according to Nielsen data released by the network on Monday, the smallest audience for the National Football League’s title game in four years.

 

Saudi Aramco preparing domestic sukuk issue –sources

National oil giant Saudi Aramco is preparing to make its first domestic issue of Islamic bonds later this year to help fund its activities, banking sources said on Monday.

 

(Saudi Aramco asks banks to pitch for world’s largest share sale)

 

Dubai Financial Market’s fourth-quarter net profit soars 406%

Dubai Financial Market(DFM), the Gulf’s only listed stock exchange, reported a 406 per cent jump in fourth-quarter net profit on Monday – net profit of 78.5 million dirhams ($21.4 million) in the three months to December 31, up from 15.5 million dirhams a year earlier, it said in a statement.

 

Qatar Holding invests US$250 million into India low and mid-income housing segment

Soon after the Indian Government declared affordable housing as infrastructure category, Mumbai-based ArthVeda Fund Management Pvt. Ltd. (AVFM) announced that Qatar Holding (QH) has committed to invest US$250 million in its affordable low and middle income (LMI) fund, which projects an IRR in excess of 18 – 21 per cent.

 

(Qatar Holding set to become owner of Milan’s Porta Nuova)

Dubai to get $3bn loan for DWC expansion

Dubai will get a $3bn loan to fund the expansion of Dubai World Central and Al Maktoum International Airport in preparation for the Expo 2020, sources said, according to Bloomberg.

 

(DWC registers 15.9 per cent growth in freight traffic)

 

(With Reuters)

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AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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