Thursday 20 June 2019
Grace period

UAE banks seek grace period, exposure limit

Banks in the UAE are seeking a five-year grace period and the exclusion of bonds from planned central bank rules that will limit their exposure to state-linked borrowers, a banking industry body said on Monday. In April last year,


UAE considers grace period on cancelled visas

Individuals whose work visas have been cancelled following redundancy, may soon be able to stay in the UAE for a longer period of time to find work, according to a report. At present, UAE labour and immigration laws require expats who have

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