03/22/2020
This significant improvement was fueled by the government’s success in securing a three-year International Monetary Fund loan of $12 billion in 2016, as part of efforts to revive the country’s ailing economy.
03/21/2020
The regulator reduced its main policy rate from 4% to 2.5% this month and relaxed lending conditions
03/21/2020
Savills says any disruption to the UAE's property sector caused by the new coronavirus is likely to be short-term
03/20/2020
Dubai's IBC Group chairman Khurram Shroff has pledged USD5 million to help contain the pandemic. Vaxbio's team of experts has been able to sequence and successfully design a vaccine methodology for the COVID-19 contagion
03/20/2020
The officials from the CBO have stated that the Bank has decided to take the following measures from the issuing date.
03/20/2020
It also cut interest rate by three percent from 12.75 percent to 9.75 percent.
03/20/2020
Large number of companies have been asking their employees to be in quarantine when they return from leave
03/20/2020
Banks' credit profiles could come under pressure in a weaker operating environment and with an economic slowdown.
03/20/2020
Adeeb Ahamed, managing director, Lulu Financial Group, says aid package will 'shore up businesses for both SMEs and bigger players
03/19/2020
Ranking at number 10, Emirates NBD is one of the leading banking groups in the UAE.
03/19/2020
It will be in areas that have the least social and economic impact
03/19/2020
Total investments by banks in the UAE reached $111.5bln in February 2020
03/18/2020
Biology shows us that there are additional ways to reduce the risk of serious coronavirus infections, in addition to hand hygiene and keeping distance, Viola Vogel writes.
03/18/2020
Since it was first detected in December 2019, the virus has spread rapidly, having been declared a Public Health Emergency of International Concern on 30 January 2020, and is now characterised as a pandemic by the World Health Organisation.
03/18/2020
Central Bank has allowed banks to free up $13.6b in additional lending
03/18/2020
Rather than being a ploy to attract good publicity, this new approach to decision making is driven by the desire for corporations to do something positive and tangible in challenging times.
03/17/2020
The panic is evident.
03/17/2020
The pandemic has greatly impacted all aspects of daily life: work, travel, tourism, financial markets, food supplies, social activities, public transportation, and much more.
03/17/2020
Dubai Tourism has issued a notice of immediate closure
03/17/2020
“This is an unprecedented moment. It’s important that we approach it with a sense of calm and responsibility—because we have many people counting on us.” —Google CEO Sundar Pichai