Uae Total Stimulus Package

Valuing aed 6 3 billion has the objective to reinforce the liquidity and support business continuity of companies and to reduce the impact of coronavirus on the economy of the country.

Uae total stimulus package. Uae doubles stimulus to 70bn to combat coronavirus impact the regulator s new measures allow banks to defer payment of loans for companies and clients until the end of 2020. The country has recently approved an additional support package of dhs16 billion bringing the total stimulus package to dhs126 billion. Uae cabinet approves additional dh16 billion support package.

The uae rulers initiatives keep us motivated. Additional aed 16 billion stimulus package in the uae. This brings the total size of the uae s stimulus packages to aed 126 billion along with packages announced by dubai and abu dhabi.

Second stimulus package on 29th march 2020 worth aed 3 3 billion the first stimulus package on 11th july 2020 worth aed 1 5 billion total stimulus packages announced so far by uae govt. The uae cabinet presided over by sheikh mohammed approved a new economic support package worth dh16 billion on sunday taking the total stimulus package to dh126 billion. Uae extends coronavirus stimulus package for six months to end june 2021 central bank governor announces new move to shield the uae economy from the impact of the pandemic we continue to implement all necessary to enhance the ability of all sectors to overcome the effects of the global crisis sheikh hamdan tweeted.

This brings total stimulus package to dh126 billion to ease coronavirus impact. Another stimulus package of dh500 million has been announced in dubai to support the local economy taking dubai s total stimulus measures this year to dh6 8 billion. Dubai has announced a new stimulus package worth dh1 5 billion to help the economy cope with the effects of the coronavirus outbreak sheikh hamdan bin mohammed bin rashid al maktoum crown prince.

On 22 march 2020 the uae cabinet approved another stimulus package worth aed 16 billion to support the economy and businesses during the covid 19 outbreak. The central bank of the united arab emirates cbuae has doubled to 70 billion a stimulus package to support the gulf state s economy amid the coronavirus pandemic.