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CBUAE extends several measures of TESS initiative until 2022

The Central Bank of the UAE (CBUAE) has extended various measures of its Targeted Economic Support Scheme (TESS) until 30 June 2022 to support...

OPEC Fund provides $70.5mn loan to tackle COVID-19 socio-economic impact in...

Austria-based intergovernmental development finance institution, OPEC Fund for International Development (OFID) has signed a $70.5 million worth loan agreement with Jordan to help alleviate...

Saudi Arabia donates medical supplies worth $32mn to Jamaica

The Saudi Arabian government has provided approximately $32 million worth of medical equipment and supplies to Jamaica to aid in the country's fight against...

IMF approves $650bn expansion to combat COVID-19 pandemic

The International Monetary Fund's (IMF) executive board has agreed to a $650 billion expansion in resources to help economically weak countries to combat the...

Saudi’s SAMA extends SME deferred payment program until September 30

The Saudi Central Bank (SAMA) has extended the deferred payment program to help the small and medium-sized enterprises (SMEs) that are struggling with the...

CBUAE extends economic stimulus packages until 2022

The Central Bank of the UAE (CBUAE) has extended access to the $13 billion (Dh50 billion) zero-cost liquidity facility under its Targeted Economic Support...

COVID-19 spurred the significance of online communities: Facebook

The COVID-19 pandemic, which forced people to stay indoors away from their loved ones last year, has proven to be a catalyst for the...

Saudi Central Bank extends deferred payment program until June 30

The Saudi Central Bank (SAMA) has extended the deferred payment scheme to facilitate private sector funding for another three months until June 30, as...
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