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Saudi King allocates $5.3bn as aid to tackle rising global pricesSaudi King Salman bin Abdulaziz Al Saud has issued a royal decree ordering the allocation of SR20 billion ($5.33 billion) as a financial support to tackle the effects of the rising global prices. Of this half of the allocated money will go to More… |
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UAE Central Bank issues new rules to boost financial aid for SMEsThe Central Bank of the UAE (CBUAE) has issued a small to medium sized enterprises (SME) market conduct regulation to promote best practices among licensed financial institutions (LFIs) when engaging with the SMEs. More… |
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UAE Central Bank issues new rules to boost financial aid for SMEsThe Central Bank of the UAE (CBUAE) has issued a small to medium sized enterprises (SME) market conduct regulation to promote best practices among licensed financial institutions (LFIs) when engaging with the SMEs. More… |
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AMF extends $1.3bn aid to Arab countries in H1The Arab Monetary Fund (AMF) has provided financial resources valued at $1.3 billion in the form of new loans or withdrawals on existing loans to Arab countries during the coronavirus pandemic in the first half of 2020, a top official said. More… |
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Governments offer airlines aid during COVID-19 crisisAustralia and Taiwan have joined a growing list of countries offering financial aid to their ailing aviation sectors as global airlines are forced to cut capacities due to plumetting demand and stricter border controls due to the coronavirus, More… |
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Khalifa Fund offers $100m financial aid to Ethiopian SMEsThe Khalifa Fund for Enterprise Development has signed a $100-million financial agreement with the Ethiopian Ministry of Finance in Addis Ababa to support and fund micro, small, and medium-sized projects in the African nation. The More… |
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UAE provides financial aid worth $5.2bn in 2018The value of financial aid provided by the UAE’s federal government and local governments totalled Dh19.2 billion ($5.2 billion)in 2018, reflecting the country’s keenness to support its people and strengthen community cohesion. More… |
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Regional allies pledge $12 billion to EgyptGulf Arab allies pledged a further $12 billion of investments and central bank deposits for Egypt at an international summit on Friday, a big boost to President Abdel Fattah al-Sisi as he tries to reform the economy after years of political uphe More… |
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No financial aid plan for Egypt for now: UAEThe United Arab Emirates, a major donor to Egypt since the army removed former president Mohamed Mursi from power, has no plans at present to step up its financial aid, the Gulf Arab state's finance minister said on Thursday. More… |
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Yemen in financial aid talks with IMFThe International Monetary Fund is discussing fresh financial aid to Yemen with the government of the country, a senior IMF official said on Tuesday. Masood Ahmed, director of the IMF's Middle East and Central Asia department, More… |
