Vehicles stop at a red light in front of the main branch of UAE Central Bank in Abu Dhabi. Reuters
The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said.
Under the new law, legal action may not be taken against debtors if they invoke their insolvency status and begin the process of restructuring their debt.
Al Jazira head coach Damien Hertog says his team is more than capable of maintaining their recent momentum when they face Dibba in Friday’s Arabian Gulf League clash.
The bank said its balance sheet reflects strong performance and sound financial position, with total assets reaching Dhs46.4 billion at the end of 2019, 3.7 per cent increase in comparison to the Dhs44.7 billion achieved at the end of 2018.
Dr Ahmad Bin Abdullah Humaid Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills signed the agreement under which the UAE becomes an active member of the programme, which will extend for the next ten years, and aims to provide better skills and education for a billion people around the world.
Tourism, which accounts for about a quarter of Greece’s gross domestic product (GDP), will grow in 2020 despite the blow dealt to the sector last year by the collapse of British travel giant Thomas Cook, Tourism Minister Harry Theocharis said.