Coronavirus: Dubai reveals Dhs1.5bn stimulus package to support businesses
Package includes cancellation of some fees, reduction in utility bills for three months Dubai has unveiled a stimulus package worth Dhs1.5bn to support businesses in the emirate to help counter the impact of the coronavirus outbreak. Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said the three-month economic stimulus package seeks to enhance liquidity in the market by reducing certain fees. The package includes 15 initiatives focused on the commercial sector, retail, external trade, tourism, and the energy sector. The measures will be introduced with immediate effect and will be valid for …
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