How the Government Institutions and Central Bank of UAE mitigated the economic impact of Covid-19 in the financial industry?
The United Arab Emirates (UAE) has not been immune to the economic impact of the Covid-19 pandemic, and the financial services sector in the country has been significantly affected. The outbreak and subsequent lockdowns have led to a decrease in consumer spending, a rise in unemployment, and a decline in business activity, all of which have had a detrimental effect on the financial services industry.