Dubai Stimulus Package Covid

Dubai has announced a new economic stimulus package worth 136 mln aed 500 million to support various business sectors according to an announcement by the emirate s crown prince.

Dubai stimulus package covid. The package its fifth takes the total economic stimulus from the government of dubai part of the uae to dhs7 1 billion since march last year dubai crown prince sheikh hamdan bin mohammed said on twitter. For all the latest headlines follow our google news channel online or via the app. The emirate of dubai has announced a new stimulus package worth 315 million dirhams 86 million to help the economy cope with the effects of the coronavirus pandemic.

The latest package is worth dh315 million sheikh hamdan bin mohammed bin rashid al maktoum crown prince. Dubai has announced the fifth economic stimulus package to help covid affected businesses. The newly announced package now brings the total value of stimulus packages introduced by the dubai government this year to 1 8 bln aed 6 8 billion.

On 12 march 2020 the dubai government announced a aed 1 5 billion economic stimulus package to enhance liquidity and cushion the potential impact of the current global economic situation caused by the onset of the covid 19 outbreak. Dubai fdi an agency of dubai economy released the updated version 31 may 2020 compilation of economic stimulus packages offered by dubai government entities federal government departments central bank and banks to help smes and enterprises understand different programs. January 6 2021 5 40 pm the emirate of dubai has announced a new stimulus package worth 315 million dirhams 86 million to help the economy cope with the effects of the coronavirus pandemic.

Dubai announces 408 4m stimulus package to combat coronavirus slowdown the rate of growth was only mild despite a surge in output and client demand while job shedding continued at an accelerated pace as firms cut their workforce during every month in 2020.