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