UAE residents savings up by Dh10 billion in first four months of 2021
Waheed Abbas/Dubai
(Reuters)
It is projected that savings will grow further over the next few months.
UAE residents saw their savings go up in the first four months of 2021, data from the Central Bank of the UAE revealed.
Funds saved in residents bank accounts in the UAE have increased by Dh9.77 billion to Dh199 billion during the first four months of 2021, compared to Dh189.22 billion at the end of 2020.
It is projected that savings will grow further over the next few months. Saving accounts in UAE national banks account for 88 per cent of their total balance.
Patient-Level VHA Data Show No Association Between Paclitaxel-Coated Devices and Long-Term Mortality
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February 23, 2021 In the first study examining the impact of paclitaxel-coated device (PCD) use on mortality in patients treated within the Veterans Health Administration (VHA), Gutierrez et al found no increased risk of long-term all-cause mortality associated with PCD use. The study was recently published in the
KEY FINDINGS
The rates of 2- and 3-year all-cause mortality were similar between the PCD and non-PCD groups, even when stratified by claudication or critical limb ischemia presentations.
No statistically significant risk in all-cause mortality was seen between the use of PCD and non-PCD devices after adjustment for treatment assignment.
BR Shetty, other NMC former executives face asset freeze by court
Staff Report/Dubai
Photo: Reuters
The court’s judgement cited a witness statement from NMC CEO that the alleged fraud was carried out by the former executives.
A UK court has ordered worldwide asset freeze of NMC Health’s founder BR Shetty, former CEO Prasanth Manghat and a couple of other top former executives upon the request of Abu Dhabi Commercial Bank (ADCB).
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The Abu Dhabi-headquartered healthcare firm collapsed and went into administration last year after financial irregularities were discovered. Abu Dhabi Commercial Bank has the highest exposure to NMC Health and leads the negotiations and legal cases against the former management team of the company. ADCB has over Dh3.7 billion ($1 billion) exposure to NMC. In addition, a number of other local and foreign lenders have also exposure to the troubled healthcare firm. NMC has undisclosed a debt of $4 billion.