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Dubai, Abu Dhabi governments ease burden of private businesses hit by coronavirus

The DIFC will also allow deferred payments for all properties owned by DIFC Investments for a period up to six months

UBF in sync with regulator to ensure banks support UAE economy

Lenders have already rolled out initiatives to reduce the economic woes of clients struggling due to coronavirus measures

Turkey widens emergency response with bond buying

The Turkish central bank has already stepped up its government bond purchases at a dramatic clip, propping up a market reeling from unabated capital flight and the prospect of increased borrowing needs.

Egypt central bank seen keeping interest rates on hold this week: poll

All but two of the 11 analysts polled thought the bank would keep rates steady at its regular monetary policy committee meeting on Thursday

Egypt's central bank places limits on cash withdrawals

Customers told to avoid paper money and adopt electronic transfers in a bid to control the spread of coronavirus

Lebanon to finalise turnaround plan by year-end to mend 'broken' economy, finance minister says

Highly-indebted country has a four-point agenda of structural reforms, fiscal consolidation, banking sector reorganisation and debt restructuring

UAE Central Bank urges banks to prioritise remote working as a measure against coronavirus

Governor Mubarak Al Mansoori said the banking workforce is fully prepared to support the UAE’s economy during this particular time

World Tax Advisor, featuring special COVID-19 section

These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals.

Tax in the time of COVID-19

The goal is to ensure that households and businesses are able to keep their heads above water until the health crisis can be contained, so that the economy is ready to rebound once the worst of the pandemic has passed.

Bahrain's KHCB gets shareholder approval for delisting from Dubai's DFM

Shareholders also approved the reduction in the bank's issued and paid capital

Acting selfishly has consequences right now – why ethical decision making is imperative in the coronavirus crisis

In fluid situations, these conditions are hard to meet.

Coronavirus Job Listings and Money Laundering Schemes

Scammers posing as a legitimate charity foundation are hiring online customer service representatives that are required to do some groundwork in an initial stage.

Emirati banks offer 98% of services to customers electronically

Enabling them to achieve their transactions safely online

Jordan finance minister says IMF approves $1.3bn reform program

Officials are worried the crisis that has hit the thriving tourist sector, which generates around $5bn annually, will slash growth projections and deepen an economic downturn

Abu Dhabi banks announce 17 financial initiatives for the community and businesses

The measures include 10 banking-related initiatives specifically for individuals, and seven financial initiatives for SMEs.

Qatar banks to delay loan installments for six months for virus-hit sectors-central bank

The bank also cancelled fees on points of sale transactions and ATM withdrawals, it said.

Gulf countries pledge over $120bn stimulus to combat corona fallout

Analysts have praised the speed and depth of commitment by central banks and governments across the world in responding to the virus.

COVID-19: UAE Central Bank directs banks to replenish ATMs with new banknotes, disposable gloves

The move is in line with the efforts to prevent the spread of coronavirus

Lebanon facing tough debt restructuring, but bonds cheap:Morgan Stanley

Lebanon suspended payments on all $31.3b of its international ‘eurobonds’ this month

Ebdaa Bank launches remote work system

The bank also announced that women employees will be granted additional benefits

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