UAE Central Bank: AED 100 bn stimulus package

Business houses across the country have welcomed the much-needed AED 100 billion ($27.2bn) economic stimulus plan announced by the UAE Central Bank on Saturday. The stimulus measure is part of a comprehensive action plan to help corporates and customers overcome the liquidity and solvency crisis, at a time when the coronavirus outbreak and the oil price collapse are adversely affecting deposits and lending.

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UAE businesses hail UAE Central Bank’s AED 100bn stimulus