The Board of Directors of the Central Bank of the UAE (CBUAE) during its 6th meeting of the year, reviewed the functioning of Targeted Economic Support Scheme (TESS). The meeting…
The Saudi Industrial Development Fund (SIDF) has come up with a pandemic stimulus plan to push the industries into momentum. The SIDF will put forward SR3.7 billion ($1 billion) to…
In a blog post on Tuesday, the Chief Economist of International Monetary Fund, Gita Gopinath, observed that although many countries begin to ease containment policies and gradually permit the resumption…
Nasdaq Dubai, the region’s international financial exchange, announced it has welcomed the listing today of a US$1 billion Sukuk by Dubai Islamic Bank, DIB, the largest Islamic bank in the…
Abu Dhabi Securities Exchange, ADX, announced that the listing of Emirate of Abu Dhabi Global Medium Term Note Programme will begin from Monday, 15th June, 2020, with one billion dollars…
The UAE Ministry of Finance, MoF, announced on Sunday the successful launch of the first phase of government entities to transition to accrual accounting. Accrual accounting is method by which,…
India’s foreign exchange reserves rose by over $8.223 billion during the week ended June 5 to cross the $500 billion mark. According to the RBI’s weekly statistical supplement, the overall…
The GST Council on Friday decided to halve the interest rate on late filing of GSTR-3B returns for the period of February, March and April 2020, in a bid to…
Aiming to further cushion the economic blow delivered by the coronavirus pandemic, Japan’s parliament on Friday enacted a record 31.91 trillion yen ($297 billion) second supplementary budget for the current…
The UK’s economy witnessed the largest monthly contraction on record, in April. The fall is said to be over three times the contraction which followed the Global Financial Crisis of…
