IMF to provide $11 billion to 32 African nations in virus fight
he International Monetary Fund is set to provide $11 billion to 32 countries in sub-Saharan Africa that have requested assistance...
Finance
COVID-19 response: UAE banks will ease construction sector payment issue
Banks in the UAE are going to take the lead position in ensuring funds flow through the construction sector smoothly,...
$180 billion supports the Arab economy’s race with recession
The governments of the Arab countries, represented by the central banks and ministries of finance, have adopted incentive packages worth...
UAE banking sector fully geared to support the economy: Al Ghurair
The UAE banking sector is fully prepared to support the UAE economy form the potential adverse impact of coronavirus (COVID-19),...
Qatar launches $10bn three-part ‘dream’ bond sale
Qatar launched a $10 billion three-part Eurobond sale that has attracted more than $25 billion of orders, as developing-nation borrowers...
UAE’s relief for banks will soften COVID-19 impact on economy
A number of regulatory reliefs announced by the Central Bank of UAE (CBUAE) will soften the impact of coronavirus (COVID-19)...
COVID 19 fight: UAE banks ready to meet challenges
The UAE’s banking sector will stand with the nation and its people to face the challenges posed by the coronavirus...
Egypt, Lebanon, Jordan, Tunisia, Iraq, Iran likely to get IMF coronavirus aid: Report
IMF funding aimed at helping countries hit by coronavirus will likely to go to oil importing countries in the Middle...
Qatar plans to raise $5bn after oil rout
Qatar, the world’s biggest exporter of liquefied natural gas, hired banks to raise more than $5 billion in bonds as...
Egypt’s government investments to hike to LE280.7Bn in 2020/21: Minister
"Egypt aims to increase its government investments by 33 percent during the next fiscal year 2020/2021 to LE 280.7 billion,...
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