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 […]

Singapore expands 1MDB criminal probe to include Goldman Sachs

Singapore has expanded a criminal probe into fund flows linked to scandal-plagued 1MDB to include Goldman Sachs Group Inc., which helped raise money for the entity, people with knowledge of the matter said. Police in the city-state had been examining Goldman’s relationship with the Malaysian state investment company since at least late 2017, but until […]