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      Massoud A Derhally

      Massoud A Derhally

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      Articles

      epa08398899 A protester shouts slogans during a protest at Al Nour Square in Tripoli, northern Lebanon, 03 May 2020. Anti-government protesters from across Lebanon arrived in the Lebanese city of Tripoli to show support of demonstrators of the city after the alleged death of a protester Fawaz Al Samman in clashes with the Lebanese army on 28 April 2020. EPA/WAEL HAMZEH
      Lebanon and IMF discuss country's worst economic crisis

      Teams from the International Monetary Fund and Lebanon will meet to explore reforms needed to restore stability to the country's economy

      EconomyMay 05, 2020
      Tim Clark joined Emirates in 1985 as head of planning and rose up the ranks to become company president in 2003. Reuters
      Exclusive: Emirates' Tim Clark on Covid-19's effect on aviation

      The president of the Dubai airline says the pandemic is devastating for the business with some carriers still at risk despite government intervention

      AviationMay 05, 2020
      Lebanese Central Bank Governor Riad Salameh. Reuters
      Lebanon’s central bank governor: saviour or scapegoat?

      Riad Salameh has steered the country through the worst and best of times since 1993, now as Lebanon faces its worst economic crisis in three decades he's in the eye of the storm

      EconomyApril 27, 2020
      The IMF chief economist Gita Gopinath believes more needs to be done on the international front to help emerging market, developing and low income countries as they look to cope with the impact of the Covid-19 pandemic. AP
      Covid-19 validates need for multilateral institutions, IMF says

      Governments worldwide have stepped up with $8tn in stimulus packages backed by monetary support from central banks

      BusinessApril 16, 2020
      Deputy Prime Minister and Minister of Presidential Affairs, Sheikh Mansour bin Zayed, has been appointed as chairman of the Central Bank of the UAE. Ryan Carter / The National
      UAE Central Bank disburses Dh10bn of zero interest loans

      The aggregate value of all capital and liquidity measures adopted by the CBUAE under the Targeted Economic Support Scheme is Dh256bn

      BusinessApril 13, 2020
      Over the years, Lebanese banks rolled over the debt by purchasing new treasury bills, creating a ballooning domestic debt. AP Photo
      Lebanon’s banks to sustain 'large losses' due to government exposure, Moody’s says

      Lenders are likely to come under funding and liquidity pressure given the continued decline of private sector deposits

      BusinessApril 09, 2020
      Deputy Prime Minister and Minister of Presidential Affairs, Sheikh Mansour bin Zayed, has been appointed as chairman of the Central Bank of the UAE. Ryan Carter / The National
      UAE President appoints Abdulhamid Saeed as Governor of Central Bank

      The new governor has more than three decades of experience

      BusinessApril 02, 2020
      A Saudi trader monitors stocks at the Saudi stock market in Riyadh. The kingdom is moving forward with its privitisation plans and listing of companies on the local capital market. Reuters
      Saudi Arabia approves listing of state assets planned for privatisation

      Privatisation is part of the kingdom's Vision 2030 economic roadmap that aims to diversify the economy

      BusinessApril 01, 2020
      People wearing masks to protect themselves from the coronavirus pandemic wait to use ATM machines in Beirut. As the country faces a shortage of dollars, withdrawals have been cut to as little as $100 a week. AP
      Lebanon to finalise turnaround plan by year-end to mend 'broken' economy, finance minister says

      Highly-indebted country has a four-point agenda of structural reforms, fiscal consolidation, banking sector reorganisation and debt restructuring

      BusinessMarch 29, 2020
      The US Capitol building in Washington, DC. American money-market funds have bought the bulk of the roughly $2.2 trillion of bonds and notes issued by the US Treasury to pay for pandemic relief programmes. Bloomberg
      US Senate approves historic $2tn plan to shore up economy

      More than 69,000 people have been infected by the novel coronavirus in the US

      BusinessMarch 26, 2020
      Jordanian police officers are seen at a checkpoint as people walk in the street after Jordan announced it would allow people to go on foot to buy groceries in neighbourhood shops, amid concerns over the spread of coronavirus disease in Amman. Reuters
      IMF board approves $1.3 billion loan to Jordan

      Facility may be adapted to help the kingdom support its people in the wake of the coronavirus pandemic

      BusinessMarch 26, 2020
      An aerial view of Beirut. Lebanon's government is trying to put together an exit plan as it looks to restructure debt and emerge from its worst economic crisis in three decades. Afp
      Lebanon to stop paying all dollar eurobonds, finance ministry says

      The government will hold an investor presentation on March 27

      BusinessMarch 23, 2020
      Sheikh Mohammed bin Rashid offered his support to staff and pupils taking part in the first day of distance learning at Al Majd Model School in Sharjah on Sunday.
      Camera27
      UAE government increases stimulus to Dh126bn

      Sheikh Mohammed bin Rashid says measures will be taken to reduce the cost of business and support small companies

      BusinessMarch 22, 2020
      The UAE Central Bank is providing support to the banking sector amid the coronavirus crisis. Sammy Dallal / The National
      UAE Central Bank rolls out Dh100bn stimulus package

      Measures are meant to promote lending to SMEs, encourage mortgage applications, increase loans to the property sector, reduce fees on credit cards and limit stock market volatility

      BusinessMarch 15, 2020
      Iranian Foreign Minister Javad Zarif wears a protective mask during a cabinet meeting in the capital Tehran. AFP
      Iran asks IMF for $5bn to fight coronavirus

      The country has faced a shortage of foreign exchange and its currency has plunged against the dollar in the black market

      BusinessMarch 12, 2020
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