UAE personal loans increase to $95.27bn in Feb

The total volume of personal loans in the UAE increased to Dh349.9 billion ($95.27 billion) in February 2017, according to a UAE Central Bank report issued on Tuesday. The figure is an increase of 3 percent over January’s total loans.

By providing personal and corporate finance facilities, as well as creation of jobs, the UAE banks continue to play a dynamic role in establishing a robust economic development process through the mobilisation of financial resources, ensuring the required financing for the support of the national economy and creating the required investments, the report added said a Wam news agency report.

In further details, the report mentioned that the total banking reserves at the Central Bank increased to Dh257.7 billion in February from Dh247.7 billion in January 2017.

The banking sector boosted its total investment value to Dh296.5 billion, an increase of Dh4.4 billion from Dh292.1 billion in January 2017.

The report also highlighted that banking capital and reserves rose from Dh350.7billion in January to Dh351.3 billion in February 2017, said Wam.

Financial details of Coty Sensabaugh’s two-year contract with Steelers released

For the first time in a long time the Pittsburgh Steelers had some salary cap space to work with this offseason, and while they didn’t have the $103 million dollars to spend like the Cleveland Browns, the team wasn’t belly up to the cap ceiling as they had been the past several years.

With their new found financial freedom, the team has signed four players from outside the Steelers organization to help provide depth at key positions. Wide Receiver Justin Hunter from the Buffalo Bills, defensive lineman Tyson Alualu from the Jacksonville Jaguars, running back Knile Davis from the Kansas City Chiefs and cornerback Coty Sensabaugh from the New York Giants.

Sensabaugh was given a two-year contract from the Steelers, and the financial terms of his deal were released today.