UAE Central Bank Extends Economic-Support Program Until Mid-2022
Bloomberg 4 hrs ago
(Bloomberg)
The United Arab Emirates extends its economic support program launched in response to the coronavirus pandemic until the middle of next year, the Gulf state’s central bank said.
Financial institutions will continue to be able to tap a collateralized 50 billion-dirham ($13.6 billion) zero-cost liquidity facility until June 30 next year, according to a statement.
Banks can draw on the facility to provide new loans and financing to individuals, small and medium-sized enterprises, and other private corporates affected by the virus fallout.
Financing for loan deferrals under the program will also be extended until the end of 2021, while outstanding financing for deferrals will be fully phased out by the end of this year, the central bank said.
UAE Central Bank Extends Economic-Support Program Until Mid-2022
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‘Sullivan must be fuming’: Some West Ham fans react to what David Ornstein is reporting
Photo by Laurence Griffiths/Getty Images
Some West Ham fans on social media have been reacting after seeing David Ornstein’s report that the first-team will be due £10m in bonuses if they qualify for the Champions League.
The idea of West Ham qualifying for the Champions League sounded a little ridiculous at the start of the season. After all, they barely avoided relegation last term, but with each passing week it’s looking like more and more of a distinct possibility.
Interestingly, some West Ham fans took this news as an opportunity to have another dig at the club’s ownership, despite the fact they’re in such a good position at the moment.