New Dubai hospital to be built on public-private model

Dubai: The Dubai Health Authority (DHA) will next month call “request for quotations” from private sector investors for a new $100 million-plus specialist cardiology hospital at the Rashid Complex. The hospital is scheduled for a 2022 opening. From these submissions, the DHA will ask selected bidders to provide RFPs (request for proposals) by April next. […]

US student loan debt sets record, doubling since recession

Washington: US student loan debt outstanding reached a record $1.465 trillion (Dh5.38 trillion) last month and one particular set of borrowers is having a hard time paying back their loans, according to a Bloomberg analysis of student loan securitisation data. This debt is raising fiscal risks. “Over 90 per cent of student loans are guaranteed […]