Economic News

UAE economy recovering fast, says Central Bank governor.

UAE economy recovering fast, says Central Bank governor.

Banks lessen use of Central Bank’s Covid-19-induced stimulus package.
Banks in the UAE have reduced the use of Central Bank’s Targeted Economic Support Scheme (TESS), which was launched last year in a bid to support local financial institutions and the private sector against the Covid-19 pandemic and also to ensure liquidity in a depressed market.

Joe Biden: The team he hopes can fix the US economy

Joe Biden: The team he hopes can fix the US economy

President Joe Biden has vowed to heal America’s economy from the pandemic with a large dose of economic stimulus – including immediate relief and investments in green jobs, infrastructure and more. He’s called on a team of Ivy League trained economists and lawyers, well-versed in the ways of Washington, to turn his vision into reality.

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