UAE announces additional 16 bln dirhams COVID-19 stimulus
The United Arab Emirates on Sunday (Mar 22) announced a 16 billion dirhams ($4.36 billion) stimulus package to support its economy mitigate the impacts of the COVID-19.
State news agency WAM said the latest package complements earlier initiatives by the governments of Abu Dhabi and Dubai as well as that of the Central Bank of the UAE, taking the total value of stimulus to 126.5 billion dirhams ($34.45 billion).
WAM said the measures include a renewable six-month suspension of work permit fees and reduction of labour and other charges to cut the cost of doing business, support small businesses and accelerate major infrastructure projects.
On his Twitter account, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said the federal government has formed three teams to ensure continuity of services and effectiveness of remote work systems.
كما اعتمدنا اليوم تشكيل Ù£ Ùرق عمل Øكومية لضمان استمرارية الخدمات .. وضمان Ùاعلية أنظمة العمل عن بعد .. ولرÙع تقرير يومي Øول الآثار الاقتصادية والمالية Ù„Ùيروس كورونا وإجراءاتنا الاØترازية .. رسالتنا للجميع Ù†ØÙ† مستعدون وجاهزون للتعامل مع كاÙØ© الظرو٠.. pic.twitter.com/6jVvJnGPuN
— HH Sheikh Mohammed (@HHShkMohd) March 22, 2020
“We invested ten years in smart learning .. and in electronic and smart services,” he said.
استثمرنا لمدة ١٠سنوات ÙÙŠ التعلم الذكي .. ÙˆÙÙÙŠ الخدمات الالكترونية والذكية .. ÙˆÙÙÙŠ تعزير الجاهزية Ù„Øالات الطوارىء والكوارث ... واليوم نجني الثمرة عبر استمرارية عمليتنا التعليمية وخدماتنا الØكومية الأساسية .. والاستباقية ÙÙŠ التعامل مع الظرو٠الصØية العالمية .. pic.twitter.com/mfNJR4BgpQ
— HH Sheikh Mohammed (@HHShkMohd) March 22, 2020
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