#cash

UAE Central Bank withdraws Dhs10.9bn in excess liquidity during August

This move came after the central bank met the market needs for liquidity over the previous months

Airline

Airline industry to burn through $77bn in cash during second half of 2020 – IATA

IATA urged governments to support the industry during the coming winter season with additional relief measures, including financial aid

Cash flow key challenge in recovery of UAE-based small and medium businesses – survey

Facebook announces grant of USD 544,609 to support Dubai small businesses in their economic recovery following the pandemic

Kuwait’s $112bn pension fund has cash to burn after revamp

Cash accounts for about 11.5 per cent of its investments, which the fund aims to cut to 4 per cent over the next seven months

GEMS-school 2

Dubai school operator GEMS raises extra debt to bolster its cash

The “incremental” funding will be used to support working capital needs

Dubai’s Emirates processes nearly 650,000 refund requests, returns over Dhs1.9bn to customers

The airline crossed its target by early June, expanding its processing capability from a monthly average of 35,000 requests to nearly 200,000

UAE’s Emirates Islamic offers free Business Banking debit cards to SMEs

The initiative will grant an alternative channel to customers seeking access to cash

Abu Dhabi City United Arab Emirates

Abu Dhabi offers more bonds to stockpile cash

The fall in oil prices has put a strain on the finances of Middle Eastern energy-producing countries