Photo has been used for illustrative purposes.
To mitigate the repercussions of COVID-19 pandemic, the UAE Central Bank (CBUAE) has decided to reduce by half the reserves requirements for demand deposits for all banks, from 14 per cent to 7 per cent.
According to the report, CBUAE noted that the UAE banking system remains strong, with sufficient capitalisation and liquidity reserves, solid financial performance and high operating efficiency.
Upon arrival, His Highness Sheikh Mohamed Bin Zayed was received by Chinese President Xi Jinping and senior Chinese leaders.
Qantas’s “flight to nowhere” is one of the fastest-selling in the airline’s history, with all tickets snapped up in 10 minutes. The Australian flag carrier decided to launch a seven-hour scenic route around the country,
US consumer sentiment increased in early September, with Democrats more upbeat about the economy’s outlook compared to Republicans ahead of the Nov. 3 presidential election.
To the tune of Dhs43.13 billion in cash dividends for 2019 have already been paid out by Abu Dhabi Securities Exchange and Dubai Financial Market to more than 700,000 investors