Prudential relief measures regarding banks’ capital buffers and liquidity and stable funding requirements will be extended by six months
The loan deferral component of the Targeted Economic Support Scheme will expire by the end of 2021
Bitcoin has roughly halved from a record of $65,000 in mid-April
The three-year freeze on government fees was first announced by Sheikh Hamdan in March 2018
No final decision on the timing has been made
The new charter also formally changed the name of the central bank, from Saudi Arabian Monetary Authority to Saudi Central Bank
IATA urged governments to support the industry during the coming winter season with additional relief measures, including financial aid
The UAE’s central bank had provided more than $70bn of stimulus by March to aid businesses
From waiving certain fees to offering rental relief, DIFC is implementing several steps to help firms during the current Covid-19 crisis