Gulf state

Seven Reported Dead In UAE Flooding After Unseasonable Rains

Seven Reported Dead In UAE Flooding After Unseasonable Rains

It has been reported that at least seven people have been killed in the United Arab Emirates after a barrage of unseasonable downpours had triggered flash flooding in eastern districts of the normally parched Gulf state, authorities said.

“We regret to announce that six people of Asian nationalities have been found dead as a result of the floods,” the interior ministry’s chief of central operations, Ali al-Tunaiji, said.

Read Also: 16 Die As Flash Floods Hit Indian Kashmir Pilgrimage Site

The ministry later announced the death of a seventh Asian migrant.

July temperatures in the UAE regularly hit 40 …

UAE Doubles Stimulus To Counter Coronavirus Impact

UAE Doubles Stimulus To Counter Coronavirus Impact

The Central Bank of the United Arab Emirates said Sunday it has doubled to $70 billion a stimulus package to support the Gulf state’s economy amid the coronavirus pandemic.

“The aggregate value of all capital and liquidity measures adopted by the CBUAE since 14 March 2020 has reached 256 billion dirhams ($70 billion),” the central bank said in a statement.

Last month, oil-rich UAE announced stimulus worth $35 billion that included aid to the banking system, facilities for loans and injecting funds into the bourses.

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