Dubai: In a regular meeting of the Board of Directors of the UAE Central Bank on Wednesday, the attendees were briefed on the comprehensive stimulus economic plan and its role in mitigating the financial and economic fallout of the COVID-19 pandemic. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, Chairman of the Board of Directors of the UAE Central Bank chaired the meeting.
This includes a decision to extend the Dh50 billion zero-cost facilities available for the use of banks and finance companies. This extension is part of the postponement program to enable deferral of payments of loans from individuals and sectors affected by the repercussions of the pandemic until the end of 2021.
UAE: Use of Dh50 billion in zero-cost facilities for banks, finance companies extended
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UAE appoints Khaled Al Tameemi as Central Bank governor
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Khaled Al Tameemi appointed as UAE Central Bank governor
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He previously held the central bank’s deputy governor post
by Zainab Mansoor
April 7, 2021
The UAE has appointed Khaled Mohamed Balama Al Tameemi as the governor of the country’s central bank.
Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, issued a decree for the appointment.
Al Tameemi has more than 30 years of experience in the field of banking, financial services, asset management and investments. He was a board member at the Central Bank, General Pension and Social Security Authority, as well as the Emirates Integrate Telecommunications Company (du).