The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

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.


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 billion) and SR50 billion ($13.3 billion) programmes respectively, while Qatar’s government unveiled a QR75 billion ($20.5

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree