DUBAI / WAM Foreign investors purchased shares worth AED1.8 billion on the Dubai Financial Market (DFM) over the week, while the value of stocks they sold amounted to AED1.9 billion, a DFM report said. The net foreign investment during the period reached AED150.1 million, as aggregate sale. The value of shares bought by foreigner investors comprised 35.6 per cent …

  ABU DHABI / WAM The National Bank of Abu Dhabi (NBAD) closed the syndication of its US$2 billion club loan facility with a large oversubscription. Commitments of nearly $3 billion were received in syndication from 14 major international banks across Europe, Asia and the United States. However, due to its excellent liquidity position, NBAD will not be increasing the …

  ABU DAHBI / WAM The Central Bank of the UAE (CBUAE) announced that, as of December 15, it has raised interest rates applied to its Certificates of Deposits in line with increase in interest rates on US Dollar, following the Federal Reserve Board’s decision to increase Federal Funds Rate by 25 basis points. Certificates of Deposit, which CBUAE issues …