ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate ‘M1’ increased by 0.3% from AED472.6 billion at the end of November 2016 to AED474 billion at the end of December 2016. In its statement, the bank added that Money Supply aggregate ‘M2’ increased by 1%, from AED1212.9 billion at the end of November …

  Dubai / Emirates Business Emirates Real Estate Fund (EREF) agreed a $190.6 million (AED 700 million) Shari’a compliant finance facility with Emirates NBD, on attractive commercial terms. The new facility will help contribute to restructuring the balance sheet and creating a more efficient capital structure with the aim of ultimately enhancing returns to investors. EREF’s fund manager, Emirates NBD …

  DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, signed a Memorandum of Understanding (MoU) with Majid Al Futtaim Retail to support members of Dubai SME through the display of their products at Carrefour hypermarkets and supermarkets. Carrefour is a subsidiary of …