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Financial stimulus for businesses by UAE Govt to combat Covid-19 impact

April 11, 2020
Financial stimulus for businesses by UAE Govt to combat Covid-19 impact

The CBUAE (Central Bank of the UAE) have also increased their Targeted Economic Support Scheme amount from Dh100 billion to Dh256 billion  to contain the repercussions of the COVID-19 pandemic. The CBUAE are also reducing the amount of capital that banks have to hold for their loans to SME's by 15-25 per cent.

UAE Govt. authorities are working tirelessly in these tough times by taking proactively and timely measures to minimize the adverse impact on the Economy and Businesses. These initiatives will not only reinforce business confidence, but will also ensure smooth continuity of business operations.

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