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UAE appoints Khaled Al Tameemi as Central Bank governor gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.
He also worked to remove many of the obstacles that were facing the banking sector, during the crisis period, Sheikh Mansour added. Liquidity in the UAE’s banking system returned to pre-Covid-19 levels and banks have substantially reduced their use of the Targeted Economic Support Scheme (Tess), – the Dh50 billion ($13.61bn) zero-cost funding programme set up one year ago to help lenders maintain funding flows through the economy – the central bank said last month. The amount lenders are drawing down from Tess declined to Dh22bn, half of the maximum drawdown of about Dh44bn reached in Q2 2020. The funding programme, which was extended to June 30, is part of local and federal support packages worth Dh388bn, the Minister of Economy Abdulla bin Touq said in December. ....
Dubai: The United Arab Emirates appointed financial services veteran Khaled Mohammed Al Tameemi as the central bank governor as it plots a way out of the pandemic-driven economic downturn. Al Tameemi, who has worked in banking and financial services for more than three decades, previously held the central bank s vice chairman post. He was previously a board member at the General Pension and Social Security Authority, and an executive director of the real assets department at Abu Dhabi Investment Council. He will take over from Abdulhamid Saeed Alahmadi, who became governor last April at the height of the coronavirus outbreak and is retiring, according to state-run WAM news agency. ....
Khaled Al Tameemi appointed as UAE Central Bank governor 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP He previously held the central bank’s deputy governor post by Zainab Mansoor April 7, 2021 The UAE has appointed Khaled Mohamed Balama Al Tameemi as the governor of the country’s central bank. Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, issued a decree for the appointment. Al Tameemi has more than 30 years of experience in the field of banking, financial services, asset management and investments. He was a board member at the Central Bank, General Pension and Social Security Authority, as well as the Emirates Integrate Telecommunications Company (du). ....
SHARE The Central Bank of the UAE (CBUAE) issued a new regulation to promote best practice among licensed financial institutions (LFIs) when dealing with small and medium enterprises. The objective of the new rule is to improve SMEs access to financial products and services, the regulator said in a statement on Sunday. “The UAE Government has placed considerable emphasis on developing the SME ecosystem and removing obstacles for a transparent, entrepreneurial, and innovative SME sector in the UAE, which has good access to various financial sources,” Abdulhamid Saeed Alahmadi, governor of the Central Bank of the UAE, said. “To sustain this momentum, the CBUAE aims to ensure that SMEs enjoy the highest business standard when interacting with licensed financial institutions, in line with our new consumer protection mandate.” ....