Emiratis are the most likely to spend their bonus amounts while Indian expats are most likely to invest their bonus payments in a savings scheme, a new survey says.
The new African fund will focus on well-managed, mid-market firms in sectors most likely to benefit from demand driven by the rapid expansion of the middle class.
The emirate’s new 21 million sqft design district is set to include galleries, studios, workshops, boutique stores and museums, plus office and residential space.
NBAD has been focusing on growing its fee-paying businesses such as wealth management as it aims to offset high levels of competition in traditional banking products.