The Dhs100 billion support scheme for retail and corporate customers is a timely and effective measure. WAM
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.
The Central Bank of the UAE announced on Monday that it will cut interest rates, beginning on Monday (March 16), following US Federal Reserve cuts to contain the economic repercussions of coronavirus, COVID-19.
"The government has worked remotely with efficiency, during the past months and today it is completing its works from the field after the return of the employees to work," said Sheikh Mohammed while chairing a virtual meeting of the UAE Cabinet, on the first day of government employees returning to work at their offices.
The number of economic incentives launched by the Federal Government and local governments in the country’s emirates exceeded 100 over 45 days, as per a survey conducted by the Federal Competitiveness and Statistics Authority.
These incentives include providing banking facilities to various economic sectors and small and medium-sized enterprises, SME, in addition to individuals, as well as granting exemptions, postponing dues and opening other related facilities, which will result in positive outcomes during the second quarter of 2020.
Those who can move or walk normally, who have all their limbs intact, do not know how blessed they are. Only those who are physically challenged or differently-abled know the anguish, the pain, the discomfort they feel every time they try to make a move.
With president-elect Joseph Biden so well versed and well traveled in Latin America, optimism about the future course of US relations with its southern neighbours is running high. But in diplomacy as in finance, past performance is no guarantee of future results.
It’s a disgrace. The drama series called The Crown isn’t accurate, so Conservative MPs and the Daily Mail insist there should be a warning, from a historian, before each episode, telling us this isn’t accurate. Because when anyone mentions the royals, they must be accurate.