UAE central bank extends Targeted Economic Support Scheme through June

The United Arab Emirates’ central bank has extended several measures of its Targeted Economic Support Scheme (TESS) until June 30 to support the continued recovery of the country’s economy, the bank said on Saturday.

For the latest headlines, follow our Google News channel online or via the app.

It said in a statement it was extending the TESS programme to support new lending and financing, as well as prudential relief measures regarding banks’ capital buffers and liquidity and stable funding requirements.

Read more:

UAE outlines COVID-19 restrictions for Christmas and New Year’s Eve events

UAE suspends talks on F-35 deal with US; State Dept hopes solve ‘outstanding issues’

Abu Dhabi introduces new COVID-19 border restrictions: Everything you need to know