26 Banks Availed TESS Liquidity Facility, With 17 Banks Drawing Down 100%: CBUAE (18 June 2020)
The Board of Directors of the Central Bank of the UAE (CBUAE) held its 6th meeting this year via video conference on Tuesday, June 16, 2020. The meeting took place under the chairmanship of Hareb Masood Al Darmaki, the Chairman of the Board.
Etihad Airways To Recommence Flights To Athens (18 June 2020)
Etihad Airways will recommence flights from Abu Dhabi to Athens, Greece, effective 24th June. The twice-weekly schedule will be operated on Wednesdays and Saturdays using a two-class Boeing 787-9 Dreamliner.
Sharjah Islamic Bank Successfully Priced $500 Million Sukuk (18 June 2020)
Sharjah Islamic Bank (SIB), one of the leading Islamic banks in the UAE, priced a $500 million (1.83 billion dirhams) long 5-year sukuk, with a profit rate of 2.85 per cent per annum, fetching it an A- rating by S&P.
1884 Establishments In Ajman Benefit From Third Economic Incentives Package (17 June 2020)
Incentives package includes exempting economic establishments whose business has been temporarily suspended during the crisis due to the implementation of the precautionary measures from licence renewal fees for one year.
ADDA, Intel Remotely Sign MoU To Enhance Strategic Partnership (17 June 2020)
The MoU was signed remotely by Dr. Abdulla Alkendi, Executive Director - Technology & Policies, ADDA, and Taha Khalifa, Intel’s CCG Sales Director, EMEA.
Central Bank Announces M1 Increased By 0.7% (17 June 2020)
The Central Bank of the UAE, CBUAE, announced that the Money Supply aggregate M1 increased by 0.7%, from AED 560.3 billion at the end of April 2020 to AED 564.3 billion at the end of May 2020.
Ministry Of Finance Announces Implementation Of Procure-To-Pay (17 June 2020)
The Ministry of Finance, MoF, has announced the successful implementation of Procure-to-Pay, P2P, which facilitates the procurement process and e-approval of purchase orders and requests at various federal entities in the country.
UAE Supports IMO To Promote Gender Balance In Marine Sector (17 June 2020)
The UAE has urged member states of the International Maritime Organisation, IMO, to take the initiative to enhance gender balance in the marine sector and contribute to supporting the association’s decision.
Abu Dhabi Extends Movement Ban By One Week (16 June 2020)
The ban covers movements between Abu Dhabi’s regions (Abu Dhabi, Al Ain and Al Dhafrah) as well as in and out of the emirate. It applies to all Abu Dhabi residents, including UAE nationals.
Al Hamra Golf Club Launches The Region’s Most Flexible Membership (16 June 2020)
Al Hamra Golf Club in Ras Al Khaimah, the leading golf club in the Northern Emirates, has introducedthe region’s first flexible membership.
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