ABU DHABI / WAM The central bank of the UAE (CBUAE) has extended integral parts of its Targeted Economic Support Scheme (TESS) until mid-2022. Financial institutions will continue to be eligible to access the collateralised AED50 billion zero-cost liquidity facility up to June 30, 2022, to provide new loans and financing to individuals, small and medium-sized enterprises, and other private ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) on Tuesday announced that it had entered into an agreement to acquire 15 Boeing 737 Max 8 aircraft. The order is valued at approximately $1.8 billion at list prices. Firoz Tarapore, Chief Executive Officer of DAE, said, “We are delighted to deepen our already strong relationship with Boeing. Including this order, we own ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) has donated AED1 million to provide one million meals in the region’s largest food donation campaign ‘100 Million Meals.’ Launched on April 11, the ‘100 Million Meals’ campaign aims to provide food parcels for disadvantaged individuals and families across 30 countries in the Middle East, Asia, Africa, Europe and South America ...