Tag: uae central bank exchange rates
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UAE Central Bank extends Tess scheme to June next year
Move will provide relief for banks, finance companies enabling them to provide new loans, facilities to customers affected by the pandemic. The UAE Central Bank has extended its Targeted Economic Support Scheme (Tess) for another six months until June 30, 2021 to continue its support for the economy during the Covid-19 pandemic. From January 1, ... -
UAE Central Bank to merge with Insurance Authority
Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the United Arab Emirates, Prime Minister and Ruler of Dubai, announced today, Saturday, that his government has taken a decision to merge the Insurance Authority with the Central Bank. Sheikh Mohammed said in a tweet on Twitter: “Today we issued a decision to merge the Insurance Authority with ... -
UAE Central Bank launches new regulations regarding reserve requirements
The introduction of these regulations represents the second step towards implementation of the new Dirham Monetary Framework announced earlier this year. ABU DHABI – The Central Bank of the UAE, CBUAE, announced today that, effective 28 October 2020, it will introduce new regulations regarding reserve requirements for deposit-taking licensed financial institutions. The introduction of these regulations ...
Covid-19 UAE: 10-Day Quarantine Mandatory in Dubai for Close Contacts
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