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The Gulf steps up its response to coronavirus Covid-19

Gulf central banks have unveiled big stimulus packages but commercial banks need to transmit this to the real economy – difficult to do when appetite for credit is so low.

Read all Euromoney coronavirus coverage

Over the weekend, the Gulf region stepped up its response to coronavirus, announcing big central bank and government stimulus packages. Analysts, though, are urging the UAE’s commercial banks to do more to support the real economy.

Outside of Iran, only one death in Bahrain has been recorded, but Gulf governments are stepping up measures to contain the spread of Covid-19.

The UAE’s central bank and the Saudi Arabian Monetary Authority announced Dh100 billion ($27.3

The Gulf steps up its response to coronavirus Covid-19

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The Gulf steps up its response to coronavirus Covid-19

Thanks for your interest in Euromoney!To unlock this article:

Regulators should be upfront with taxpayers – and admit all deposits are guaranteed

The Danish Compromise tests Europe’s appetite for regulatory easing

What can US bankers really expect from Trump’s deregulation impetus?

Prem Natarajan on Capital One’s AI stairway to heaven

Thanks for your interest in Euromoney!
To unlock this article: