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The Iran War Forces the First Central Bank's Hand
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UAE Central Bank Approves Resilience Package Backed by Over AED 1 Trillion in Reserves
The Board of the Central Bank of the UAE (CBUAE), chaired by Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy Prime Minister, held its second meeting of the year today. It noted that the UAE’s financial system has remained resilient despite extraordinary global and regional market conditions, with no material impact on the health of the banking sector or payment systems. The Board approved a Financial Institution Resilience Package …
The approved support package includes measures to facilitate banks’ access to monetary liquidity and provide them with greater flexibility to use their excess liquidity and capital reserves to support the UAE economy.
Coverage Details
Total News Sources4
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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