Press Dossier   By Date  27/09/2020
UAE Banks Federation addresses sector dynamics
Members of the CEOs Advisory Council of UAE Banks Federation (UBF) held its third quarterly meeting of the year online, which was presided over by Abdulaziz Al Ghurair, chairman of UAE Banks Federation.
Realty bites for low-income expats
Dubai's property market is short on offerings for lower middle-income expats with salaries between Dh4,000 to Dh8,000, and most of them are new entrants to the emirate's job market, say developers.
10-year swap rate on UAE Dirham at 1.6% by end of June
The 10-year swap rate on the Dirham has steadied at 1.6 per cent by the end of H1-2020, only rising to 1.9 per cent during the first week of June before falling against to 1.6 per cent by the end of the month, according to the figures of the Central Bank of the United Arab Emirates.
UAE central bank backs anti-money laundering
The UAE central bank has said that banks should increase anti-money laundering efforts to safeguard financial stability in the country.
Saudi Arabia to host ‘virtual’ G20 meeting on oil markets
Energy ministers from the G20 countries under the presidency of Saudi Arabia will meet virtually on Sunday to discuss volatile oil markets and plans for a “green” recovery from the economic shock of the COVID-19 pandemic.
Kuwait airport travel guidelines
Commercial flights resumed on August 1, while the airport will operate at 30 percent capacity during the six-month first phase of a three-stage airport reopening plan.
Financial reforms plan set in motion
Kuwait has drawn up a roadmap for financial and economic reforms in a bid to upgrade the country’s sovereign credit rating, a minister announced.
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