Oman Offers Emergency Interest-free Loans For Firms Hit By Virus
The Gulf nation has already trimmed its budget spending and announced liquidity support
Oman will offer interest-free loans to help small and medium-sized firms and other business owners that have suffered losses due to the coronavirus pandemic.
The emergency programme announced on Tuesday is among the first measures taken by a committee set up by Haitham bin Tariq Al Said to counter the economic fallout of Covid-19, according to Oman Television.
The Gulf nation has already trimmed its budget spending and announced liquidity support in an effort to provide some relief. Oman has also discussed the possibility of financial aid from wealthier neighbors, people with knowledge of the matter told Bloomberg.
عاجل | بيان بأوامر سامية من اللجنة العليا للتعامل مع #كوفيد19 #مركز_الأخبار pic.twitter.com/dMYZHZRCMz— مركز الأخبار (@omantvnews) June 23, 2020
DIFC Courts Embrace Blockchain Tools For Complex Digital Asset Cases
New custodial and analytics services will allow judges and litigants to better manage disputes involving cryptocurrenci... Read more
UAE Announces Major Changes To Corporate Tax Rules
Changes explain how corporate tax liabilities are settled and give businesses the right to claim payments in certain ca... Read more
Kuwait To Launch Dedicated Banking Crimes Prosecution Office In 2026
New unit in Kuwait will target cyber fraud, cheque offences and financial forgery as authorities step up protection of ... Read more
Islamic Development Bank Approves $1.365bn Financing In 12 Countries
To support development projects, including renewable energy, power networks, transport corridors, water and agricultura... Read more
UAE Tops MENA Crypto Adoption And Ranks 5th Worldwide – Report
World Crypto Rankings 2025 highlights the UAE’s rise as a regional leader in digital assets and tokenisation, with Du... Read more
ADIO, Primavera To Collaborate To Attract High-growth Companies To Abu Dhabi
The partnership will increase cross-border capital flows, deepen investor partnerships and expand the footprint of glob... Read more