UAE to boost strategic stockpile, says vice president

UAE to boost strategic stockpile, says vice president

The UAE central bank also announced new measures on Sunday to guarantee liquidity in the banking system, boosting its stimulus package to a total of $70 billion from a previously announced $27 billion.. Meanwhile in neighboring Kuwait, the governor of the central bank said the country's banks can continue to distribute dividends for 2019 and it is early to ask them to suspend dividends for 2020.. Last week, the Central Bank of Kuwait (CBK) announced a stimulus package to support vital sectors and small and medium enterprises amid the fallout from the coronavirus epidemic.. The measures will raise banks' lending by 5 billion dinars ($16 billion), the Kuwait Banking Association said last week.. Africa likely to lose 20 million jobs due to pandemic: AU study /node/1653906/business-economy. In both scenarios modeled by the AU study - titled "Impact of the coronavirus on the Africa economy" - GDP will now shrink.. Under what the AU researchers deemed their realistic scenario, Africa's economy will shrink 0.8 percent, while the pessimistic scenario said there would be a 1.1 percent dip.. “¢ Oil producers, tourist destinations seen hardest hit by the pandemic.. "Under the average scenario, the tourism and travel sector in Africa could