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    Mexico’s CB unveils $31 billion stimulus, slashes interest rates

    Mexico’s CB unveils $31 billion stimulus, slashes interest rates

    23 Apr 2020

    Mexico’s central bank (CB) unveiled around $31 billion in support for the financial system and cut borrowing costs in the country’s most decisive move yet to help the economy weather...

    China’s central bank orders checks on business loans

    China’s central bank orders checks on business loans

    20 Apr 2020

    China’s central bank has ordered banks in the southern city of Shenzhen to investigate business loans collateralised with real estate made this year, as the city’s housing market heats up...

    Implementation of ‘Targeted Economic Support Scheme’ discussed

    Implementation of ‘Targeted Economic Support Scheme’ discussed

    19 Apr 2020

    The Governor of the Central Bank of the UAE, CBUAE, and the CEOs of all banks recently discussed the implementation of the Targeted Economic Support Scheme, TESS. A press statement...

    UAE Central Bank’s COVID-19 package supports economy

    UAE Central Bank’s COVID-19 package supports economy

    19 Apr 2020

    Inayat-ur-Rahman The UAE Central Bank recently more than doubled the size of the stimulus package for the economy, to deal with the current crisis, while also allowing banks and...

    China loans touch $405 billion as central bank brings stimulus

    China loans touch $405 billion as central bank brings stimulus

    11 Apr 2020

    China’s loans surged as coronavirus stimulus kicked into save the economy. New bank lending in China rose sharply to 2.85 trillion yuan ($405 billion) in March, with total social financing...

    Central Bank announces more measures to back economy

    Central Bank announces more measures to back economy

    06 Apr 2020

    Inayat-ur-Rahman, Business Reporter 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...

    Guidance issued for banks, finance companies on application of IFRS9

    Guidance issued for banks, finance companies on application of IFRS9

    05 Apr 2020

    The Central Bank of the UAE , the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Dubai Financial Services Authority (DFSA) of Dubai International Financial...

    Khalifa issues decree appointing Saeed as Governor of UAE Central Bank

    Khalifa issues decree appointing Saeed as Governor of UAE Central Bank

    02 Apr 2020

    President His Highness Sheikh Khalifa Bin Zayed Al Nahyan issued a federal decree for 2020 appointing Abdulhamid Saeed as Governor of the UAE Central Bank. With more than 35...

    Egypt central bank seen keeping main interest rates on hold

    Egypt central bank seen keeping main interest rates on hold

    02 Apr 2020

    Egypt’s central bank is expected to leave its main interest rates unchanged as it weighs the impact of an emergency 300 basis point cut two weeks ago to soften the...

    UAE Central Bank cautions consumers on fraudulent activities

    UAE Central Bank cautions consumers on fraudulent activities

    30 Mar 2020

    The Central Bank of the UAE (CBUAE) issued a statement on Monday warning individuals of fraudulent activity. In the statement, the Central Bank said, "Fraudsters always look for opportunities...

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