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The UAE Central Bank has extended key parts of its 50 billion dirams ($13.6 billion) economic support plan until mid-2022. Under this extension, financial institutions will still be able to benefit from a zero-cost liquidity facility covered by a guarantee of 50 billion dirhams until June 30, 2022, it said in a statement on Tuesday. The extension decision enables banks to provide new loans and financing to individual clients, small and medium enterprises (SMEs), and other private sector companies affected by the repercussions of the coronavirus pandemic. “The extension of the targeted economic support plan will provide continuous support from the financial system for the sectors adversely affected by the pandemic,” said Governor Khalid Al-Tameemi. ....
UAE replaces central bank governor after one year in role 04/07/2021 | 05:57am EDT Send by mail : Message : Required fields DUBAI, April 7 (Reuters) - United Arab Emirates President Sheikh Khalifa bin Zayed has appointed Khalid al-Tameemi as governor of the UAE s central bank, state news agency WAM said, citing a decree issued on Wednesday. Tameemi, who was appointed central bank vice governor in February, will be replacing Abdulhamid Saeed. Saeed, who was appointed governor a year ago, has decided to retire, WAM said. WAM said Sheikh Mansour bin Zayed, deputy prime minister, praised Saeed s efforts in exceptional circumstances during the COVID-19 pandemic, saying he had worked to ensure the ....
UAE Replaces Central Bank Governor aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.
2 Min Read (Reuters) - Major stock markets in the Gulf ended mixed on Wednesday, with the Abu Dhabi index ending its run of gains, while Saudi Arabia was lifted by its financial shares. FILE PHOTO: An Investor looks at the screen at the Dubai International Financial Market in Dubai, United Arab Emirates March 9, 2020. REUTERS/Satish Kumar The Saudi benchmark index rose 0.3%, helped by a 5.7% gain in Banque Saudi Fransi and a 3.3% increase in Dr Sulaiman Al-Habib Medical Services. However, petrochemical firm Saudi Basic Industries Corp (SABIC) eased 0.3%. SABIC has selected HSBC and Morgan Stanley to work on the planned initial public offering (IPO) of its specialty chemicals business, Reuters reported, citing two sources familiar with the matter. ....