UAE Achieves 46 Percent of Economic Recovery Package Published December 14th, 2020 - 08:30 GMT
More than 310,000 individual clients, nearly 10,000 small and medium enterprises, and more than 1,500 private sector companies have benefited from the loan deferral programme included in the support plan. (Shutterstock)
About 46% progress has been achieved in implementing the 15 initiatives of the first phase of the economic recovery programmme initiated by the UAE government in the emirates.
Major initiatives that have been implemented to date, including amendments to the bankruptcy law, allocation of grants and incentives to tourism establishments, promotion of foreign direct investment (FDI) through amendments to the commercial companies law, amendments to the commercial transactions law and the decriminalisation of cheques without balance, reduction of fees and taxes on the tourism sector, enhancing flexibility of labour market, the comprehensive targeted economic support pla
Sunday, 13 December, 2020 - 08:30
Total value of economic support packages and initiatives provided by the federal and local governments since the onset of the pandemic has reached more than AED388 billion. Dubai - Asharq Al-Awsat
The UAE’s non-oil GDP is expected to grow by 3.6 percent by the end of 2021, the Central Bank of the UAE (CBUSE) has estimated.
Its report comes as the committee responsible for the coordination and follow up of the implementation of the UAE’s economic recovery plan held its second meeting on Saturday, during which it reviewed the progress in the 15 initiatives of the first phase, revealing that 46 percent of implementations has been completed so far.
UAE Business: 46pc of UAE economic recovery package completed gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
UAE’s non-oil GDP to grow 3.6% by end 2021
The UAE has rolled out economic support packages worth more than Dh388bn to mitigate the impact of the pandemic
by Zainab Mansoor December 13, 2020
The UAE’s non-oil GDP is expected to grow by 3.6 per cent by the end of 2021, the Central Bank of the UAE (CBUAE) has estimated.
In the wake of the Covid-19 pandemic, the total value of economic support in the form of packages and incentives has crossed Dhs388bn, contributing to business continuity, commercial activities and the ability to grow in vital sectors, official news agency
WAM reported.