#stimulus

UAE says it is winding down pandemic stimulus as economy recovers

The loan deferral component of the Targeted Economic Support Scheme will expire by the end of 2021

China crypto clampdown sends bitcoin closer to key $30,000 level

Bitcoin has roughly halved from a record of $65,000 in mid-April

Hamdan bin Mohammed chairs Executive Council meeting june 2019

Freeze on Dubai government fees extended until early 2023

The three-year freeze on government fees was first announced by Sheikh Hamdan in March 2018

Saudi Arabia aims to raise over $5bn in bond-market return

No final decision on the timing has been made

Saudi Arabia broadens Central Bank’s mandate to promote growth

The new charter also formally changed the name of the central bank, from Saudi Arabian Monetary Authority to Saudi Central Bank

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

UAE plots new stimulus measures to bolster economy

The UAE’s central bank had provided more than $70bn of stimulus by March to aid businesses

Revealed: All the stimulus measures taken by Dubai’s DIFC to support businesses

From waiving certain fees to offering rental relief, DIFC is implementing several steps to help firms during the current Covid-19 crisis