The UAE Central Bank highlighted that it is closely monitoring the evolving situation globally and stands ready to take additional measures, if necessary
Targeted Economic Support Scheme
Latest in Targeted Economic Support Scheme
CBUAE
UAE extends pandemic support scheme for banks until mid-2022
Central Bank of the UAE says some measures will be extended until end-June 2022 to support recovery in the economy
Central Bank of the UAE
UAE banks no longer require Covid support, says banking chief
Some 95 percent of UAE banks have already surrendered their TESS quotas and no longer need re-enforcement from the central bank, according to Abdul Aziz Al Ghurair, chairman of the UAE Banks Federation (UBF)
Khaled Mohamed Balama
UAE says Covid support program to wind down as economy picks up
Central Bank governor makes announcement after meeting with CEOs of national and foreign banks operating in the UAE
Khaled Mohamed Balama
UAE projects 2.4% economic growth in 2021, rising to 3.8% next year
Central bank governor says the UAE economy is expected to gradually recover during 2021 and 2022 from the repercussions of the pandemic
Central Bank of the UAE
UAE extends coronavirus stimulus package to end-June 2022
Move designed to continue supporting sectors negatively impacted by Covid-19 pandemic
Coronavirus Dubai
How the UAE’s largest Islamic bank helped 54,000 customers during pandemic
Dubai Islamic Bank says it provided relief measures totalling $2.45bn to mitigate impact of the coronavirus crisis
Targeted Economic Support Scheme
UAE says Covid support fund has helped 320,000 customers so far
Central bank governor hails the impact of the Targeted Economic Support Scheme since its launch in March 2020