Tag: COVID-19 Support
Bloom Education receives $14.4mn financing from ADFD’s pandemic support initiative
Abu Dhabi Fund for Development (ADFD) has extended 14.42 million in financing to Bloom Education, the schools arm of UAE-based Bloom Holding, to help...
Abu Dhabi Ports suspends rent hikes in 2021; Extends relief measures
Abu Dhabi Ports will put the rent hikes on hold for all businesses in its Industrial Cities and Free Zone cluster during 2021, with...
Qatar govt’s timely support aids its economic recovery
Qatar’s economy has recovered from the effects of the COVID-19 crisis with timely support by its government.
The Supreme Committee for Crisis Management has declared...
Bahrain extends loan repayments window by six months
The Central Bank of Bahrain (CBB) has directed all banks and finance companies to extend the repayment of loan installments for a further six...
UAE spents $105bn for economy to tackle pandemic crisis
The UAE has released more than $105 billion (Dh388 billion) in economic support packages to effectively combat the COVID-19 pandemic losses.
The government set up...
Gates Foundation donates $250mn to support the COVID-19 battle
The Bill & Melinda Gates Foundation has pledged an additional $250 million to support the research, development and easier delivery of the COVID-19 vaccine...
Saudi Central Bank extends pandemic loan scheme to support businesses
The Saudi Central Bank, previously known as Saudi Arabian Monetary Authority (SAMA) has extended a loan deferral scheme to support small businesses deal with the fallout...
CBUAE to extend TESS package until 2021
Central Bank of the UAE (CBUAE) will be extending the validity of its Targeted Economic Support Scheme (TESS) economic stimulus package till 30 June...
