Tag: TESS
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...
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...
CBUAE to introduce new Intraday Liquidity Facility
The Central Bank of the UAE (CBUAE) is introducing an Intraday Liquidity Facility (ILF) that will enable licensed financial institutions to mitigate intraday liquidity...
UAE banking sector in recovery track; Liquidity back to 2019-level
The Central Bank of the UAE (CBUAE) last day revealed that the liquidity of the UAE's banking system has returned to pre-COVID-19 levels as...
UAE banking sector shows positive outlook for 2021: Report
The US-based multinational investment bank and financial services provider, Bank of America has forecasted a positive outlook for the UAE’s banking sector for 2021,...
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...
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...
CBUAE reviews effectiveness of its Targeted Economic Support Scheme
The Board of Directors of the Central Bank of the UAE (CBUAE) reviewed the Targeted Economic Support Scheme (Tess) which was initiated to reduce...
