Top officials at the signing ceremony.
According to a press statement released by the Central Bank on Tuesday, money supply aggregates, M2, increased by 2.2 per cent, from Dhs1,380.5 billion at the end of November 2019 to Dhs1,411.5 billion at the end of December 2019.
Commenting on the contribution, Jawaan Awaidha Suhail Al Khaili, Chairman of ADIB, expressed his appreciation on behalf of everyone at ADIB for the efforts made by the Government of the UAE and the Executive Council of Abu Dhabi, and other national bodies and institutions, to address the current situation.
Adnec’s strong 2019 results followed a 15.8% growth in the number of visitors from across the globe during 2019 which came to 2.3 million visitors.
Nakheel’s customers include property owners, retail and hospitality tenants and small business operators. The package includes free rental periods for retail and hospitality partners who operate within the Nakheel Malls portfolio.
The Sharjah Chamber of Commerce & Industry, SCCI, represented by the Sharjah Training & Development Center (STDC), has recently launched an online course on the “infection and ways to prevent and combat it”.
The UAE stocks continue to respond favourably to the country-level fiscal incentives and stimulus packages being launched, and gained Dhs12.5 billion in market cap by the end of Sunday’s session.
Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding as concern grows over the spread of the coronavirus.
Finance Minister Nirmala Sitharaman asked public and private sector banks to ensure uninterrupted banking operations and flow of liquidity. In a series of tweets, the office of Sitharaman said that she spoke to chiefs of public sector banks and representatives of private banks.