Update
UAE's NMC is now under UK court's oversight
Hospital operator's future will be decided by court appointed administrators
_resources1_16a30b30488_medium.jpg)
Sign up for
your Daily Brief
Delivered bright and early weekday mornings, this email provides a quick overview of top stories and need-to-know news
More from Banking
-
UAE banks’ total exposure to NMC exeeds Dh7.5b
ADIB discloses Dh1b as ADCB adds Dh667 million exposure to Finablr and UAE Exchange
-
Movement restrictions should not worry bank customers
UAE banks are fully prepared to serve customers with digital solutions
-
Update
DIB has Dh1.55b exposure to NMC Group
More banks admit loans to the troubled healthcare provider
-
Update
UAE Central Bank reduces reserves requirement
Value of all capital and liquidity relief measures since March 14, 2020 reaches Dh256b
-
ADCB seeks appointment of joint administrators for NMC
Bank to coordinate closely with a number of substantial creditors of NMC
-
UAE Central Bank welcomes new governor
Saeed replaces former governor Mubarak Rashed Khamis Al Mansoori
-
New NMC chief calls on banks to show 'patience'
Faisal Belhoul says everything will be done to 'recover misused funds'
-
Lebanon edges away from its decades-old peg
Depositors can withdraw from their dollar accounts only at 'market' rates
-
COVID-19 to impact GCC sukuk issuance in 2020
Global Islamic bond issuance is set to remain stable at around $180 billion
-
UAE Central Bank brings in consultant for UAE Exchange
Alvarez & Marsal will help sort out operational and debt problems at UAE remittance house
-
Counting COVID-19’s cost to global economy
Asian economies will bear the brunt of disruptions, with Thailand worst off among them
-
Abdulhamid Saeed named as UAE Central Bank governor
He replaces Mubarak Rashid Al Mansouri who had been at the helm since 2014
-
India banks get hit with negative outlook
Moody’s cites concerns that the ongoing slowdown in activity will worsen further
-
ADCB's total exposure to NMC Group amounts to Dh3.6b
Bank says it is deeply concerned about the disclosures on NMC’s debt pile
-
Where's the money, clients ask UAE Exchange
Some are still waiting for their remittances to be credited despite weeks going by
