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Page 12 - இலக்கு பொருளாதார ஆதரவு திட்டம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sheikh Khalifa appoints Khaled Al Tameemi as governor of Central Bank of the UAE

He also worked to remove many of the obstacles that were facing the banking sector, during the crisis period, Sheikh Mansour added. Liquidity in the UAE’s banking system returned to pre-Covid-19 levels and banks have substantially reduced their use of the Targeted Economic Support Scheme (Tess), – the Dh50 billion ($13.61bn) zero-cost funding programme set up one year ago to help lenders maintain funding flows through the economy – the central bank said last month. The amount lenders are drawing down from Tess declined to Dh22bn, half of the maximum drawdown of about Dh44bn reached in Q2 2020. The funding programme, which was extended to June 30, is part of local and federal support packages worth Dh388bn, the Minister of Economy Abdulla bin Touq said in December.

With the UAE s economy in a twilight phase, a new dawn is upon us

With the UAE s economy in a twilight phase, a new dawn is upon us
thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.

Strong caps, earnings to help UAE banks versus risks

Strong caps, earnings to help UAE banks versus risks issacjohn@khaleejtimes.com Filed on April 1, 2021 | Last updated on April 2, 2021 at 06.58 am S&P Global Ratings noted the sharp economic contraction in 2020 and prospects of a protracted recovery in 2021 and beyond will have varying effects on rated UAE banks. The UAE banks’ asset quality indicators to deteriorate further once regulatory forbearance measures are lifted The Covid-19 pandemic, lower oil prices and continued pressure on the real estate sector have increased risks for UAE banks but banking authorities’ response to the crisis reporting requirements have reinforced oversight and transparency, S&P Global Ratings said.

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