UAE Central Bank’s support package approaches $1.7bn
Loan deferrals under the UAE Central Bank’s support package launched in response to the Iran conflict have reached $1.68 billion (6.2 billion dirhams).
More than 60,000 individuals, 4,335 SMEs (small and medium enterprises) and 485 corporates have benefitted from the support initiative launched in March.
The transportation sector benefited the most, followed by hospitality and entertainment, according to data shared by the country’s central bank.
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Salaam Gateway