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    Excess liquidity can encourage risk-taking

    Excess liquidity can encourage risk-taking

    18 Jul 2020

    Imran Mojib, Special Correspondent Unconventional financial tools such as frequent liquidity injections may restore credit flows and facilitate recovery but run the risk of asset price overvaluation, said Dr. Patrick...

    G20 leaders call on creditors to push for debt freeze initiative

    G20 leaders call on creditors to push for debt freeze initiative

    18 Jul 2020

    Finance officials from the Group of 20 countries on Saturday called for wide participation by bilateral creditors to implement a debt freeze initiative for the world’s poorest countries. All...

    UAE, China to cooperate in digital economy transition

    UAE, China to cooperate in digital economy transition

    18 Jul 2020

    Bilateral trade between the UAE and China will continue to surge in the coming years due to the strong trade relations and people-to-people synergies between the two countries as they...

    Russian banking sector profits recover in June: Central Bank

    Russian banking sector profits recover in June: Central Bank

    18 Jul 2020

    Profits in Russia’s banking sector rose to 70 billion roubles ($975 million) in June from just 500 million roubles in May, which included some weeks of lockdown due to the...

    South Korea central bank keeps benchmark policy rate on hold

    South Korea central bank keeps benchmark policy rate on hold

    16 Jul 2020

    South Korea’s central bank (CB) kept its benchmark policy rate on hold on Thursday, avoiding the risk of fuelling runaway property prices amid government efforts to tamp down on demand...

    Nakheel secures Dhs600 million worth of property sales in four months

    Nakheel secures Dhs600 million worth of property sales in four months

    16 Jul 2020

    Master developer Nakheel has announced that it sold almost 250 properties with a total sales value of over Dhs600 million in the last four months, with ready-to-occupy villas most in...

    Abu Dhabi sees promising signs of progress in tourism sector

    Abu Dhabi sees promising signs of progress in tourism sector

    13 Jul 2020

    Business Bureau, Gulf Today The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) on Monday revealed signs of progress within the tourism sector as the emirate...

    Funds collected by UAE’s direct debit system reach Dhs61 billion

    Funds collected by UAE’s direct debit system reach Dhs61 billion

    12 Jul 2020

    Value of funds collected through the UAE Direct Debit system (UAEDDS) of the Central Bank of the UAE (CBUAE) rose by 7 per cent to Dhs61 billion in 2019 from...

    ‘Supporting SMEs a priority for advancing UAE’s economy’

    ‘Supporting SMEs a priority for advancing UAE’s economy’

    12 Jul 2020

    Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises (SMEs) confirmed that supporting SMEs is a top priority in the Ministry’s agenda and in...

    As insurers face hefty claims, newcomers try their chance

    As insurers face hefty claims, newcomers try their chance

    12 Jul 2020

    Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums - tempting companies and industry veterans to raise capital, launch new...

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