Move will provide relief for banks, finance companies enabling them to provide new loans, facilities to customers affected by the pandemic. ( read original story ...)
Coronavirus: UAE central bank defers virus-related loan payment deferral
The United Arab Emirates will extend a key component of its coronavirus relief package – loan payment deferrals – through June 2021, the central bank said. Retail and corporate customers affected by ... ( read original story ...)
UAE businesses could do with some more time to sort themselves out in post-COVID-19 world
Today, in the world of global finance, we run thousands of bubbles ... Given that in the UAE there has been developments in the bankruptcy law, as well as relief that has been provided, what ... ( read original story ...)
These jobs in UAE offer highest salaries earn up to Dh1.7m a year
A new survey has revealed that HR consultants, legal managers, finance and business analysts as well as managing directors are in high demand in the UAE. Since credit flow ... ( read original story ...)
Kuwait’s Sand Forge Games Seeks To Become A Global Player In The Free-To-Play Mobile Game Market
Sand Forge Games is a mobile game development company which aims to create unforgettable game experiences by offering accessible strategy games that focus on deep strategic play. ( read original story ...)
How Kuwaiti princess overcame ‘imposter syndrome’ to become business guru
She told Arabian Business: “In the beginning I thought it was so strange ... Her next move saw her launch Lulua Publishing, a media house based in Kuwait with publications including Good Health Arabia ... ( read original story ...)
National Bank of Kuwait markets $300 million in Tier 2 bonds – sources
National Bank of Kuwait NBKK.KW has given initial price guidance of 2.875% for $300 million in Tier 2 bonds with a 10-year maturity that are non-callable for five years, two sources said. Citi C.N and ... ( read original story ...)
UAE Central Bank extends Targeted Economic Support Scheme until June 2021
The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies. ( read original story ...)
UAE central bank extends banking stimulus scheme to stem coronavirus impact
The United Arab Emirates central bank said on Monday it had extended to June 2021 the applicability period of key components of a stimulus scheme to support retail and corporate banking customers and ... ( read original story ...)
UAE Gets First Rating From Fitch Ahead of Federal Bond Sale
The United Arab Emirates was assigned the fourth-highest investment grade at Fitch Ratings as the Gulf nation prepares to issue a federal bond for the first time. ( read original story ...)