New Economic Stimulus Package Announced in Dubai

HRH Hamdan Bin Mohamed Al Maktoum has announced a new economic stimulus package worth 1.5 billion dirham to help boost the economy to tackle the financial effects of Coronavirus. The aim of the package is to enhance the liquidity available to companies to ensure they can continue operating, reduce business costs and facilitate procedures. This is the second package announced Among other things, it revokes fines imposed by the Government, the Customs Department and tax and insurance refunds to particular businesses. Full story

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