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    Man arrested for setting bank on fire in Karnataka, villagers suspect role of insiders

    11 Jan 2022

    The police have taken up the investigation as the villagers suspect that the bank was torched with an intention to destroy documents.

    UAE banks to allow loan instalments to be deferred by six months following bad weather

    22 Apr 2024

    The Central Bank of the UAE (CBUAE) on Monday issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the repercussions of the weather condition for a period of six months.

    ADB approves $1 billion to Pakistan to strengthen public finances

    07 Dec 2019

    The Asian Development Bank (ADB) approved $1 billion in immediate budget support to Pakistan to shore up the country’s public finances and help strengthen economy besides approving $300 million to support energy sector reforms.

    Sheikh Mohamed orders disbursement of housing loans worth Dhs2.78b for over 1,950 citizens

    27 Jul 2020

    The approval of the second batch of housing loans in 2020 for 1,500 citizens and the loan payment exemption for 476 retired low-income citizens coincide with Eid Al Adha.
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    Pakistan reaches new $7 billion loan deal with IMF

    13 Jul 2024

    Analysts said the new budget of about $68 billion — up from $50 billion in the last fiscal year — was aimed at qualifying for a long-term IMF loan of $6 billion to $8 billion to help stabilise the economy. Pakistan in 2023 nearly defaulted on the payment of foreign debts.

    Banks provide Dhs81.2 billion in financial facilities to SMEs in H1

    23 Oct 2024

    The cumulative balance of facilities and loans extended by banks operating in the UAE to small and medium-sized enterprises (SMEs) reached Dhs81.2 billion by the end of the first half of 2024, according to the latest statistics released by the Central Bank of the UAE (CBUAE). Loans to SMEs accounted

    FAB reports net profit of Dhs12.9 billion for 9M’24

    18 Oct 2024

    First Abu Dhabi Bank (FAB) delivered robust results in the first nine months of 2024 as increased client activity across the Group’s franchise lifted revenue 16% higher year on year (YoY)

    Chinese bank issues over 200b yuan in road project support loans in first 8 months

    06 Oct 2024

    China Development Bank (CDB) issued 216.2 billion yuan (about US$31 billion) in loans for road projects across the country in the first eight months of 2024,

    G7 finalises $50b Ukraine loan backed by Russian assets profits

    26 Oct 2024

    G7 leaders have finalised details surrounding a $50 billion loan to aid Kyiv, backed by profits from Russian sovereign assets frozen after its invasion of Ukraine,

    Pakistan eyes $4 billion from Middle East banks to plug financing gap, says central bank chief

    28 Aug 2024

    State Bank of Pakistan Governor Jameel Ahmad said Pakistan was also in the "advanced stages" of securing $2 billion in additional external financing required for International Monetary Fund approval of a $7 billion bailout programme.

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