#liquidity

Abu-Dhabi

New Dhs5bn Abu Dhabi IPO fund launched to support SMEs

The fund will invest in five to 10 private companies per year

Dubai’s Emirates NBD signs $750m financing facility with Emirates Airline

Emirates NBD acted as bookrunner, mandated lead arranger and global agent for the transaction

Kuwait names Al-Ghunaiman to head $700bn wealth fund

Al-Ghunaiman replaces Farouk Bastaki, who helped to propel the Kuwait Investment Authority to rank among the world’s biggest wealth funds

Qatar’s first IPO since 2019 sees shares in QLM soar 24%

The listing was the first in Qatar since the debut of dairy producer Baladna at the end of 2019

Saudi Central Bank extends pandemic loan support into next year

The programme has helped banks avoid having to recognise credit as non-performing

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

Dubai Customs furnished 452,000 insurance refund requests in H1 2020

The insurance refund requests were valued at Dhs3.2bn

UAE’s Central Bank launches new deposit facility for banks

The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year