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Dubai expands economic stimulus package to $1.93bn DUBAI, January 7, 2021 Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has launched an economic stimulus package worth AED315 million ($86 million), raising the value of business incentives introduced by the emirate’s government to AED7.1 billion ($1.93 billion). The decision to launch the new stimulus package is based on the recommendations of the Dubai Economy Support Committee, chaired by Sheikh Ahmed bin Saeed Al Maktoum, Second Deputy Chairman of The Executive Council, to continue supporting all economic and business sectors in Dubai, reported state news agency ....
Dubai boosts stimulus to Dh7.1B issacjohn@khaleejtimes.com Filed on January 6, 2021 | Last updated on January 7, 2021 at 05.57 pm Among the initiatives included in the stimulus package include exempting commercial establishments and hotels that did not benefit from the reduction in previous packages launched in 2020 from one-time market fees in 2021. Government efforts aim to reduce impact of global crisis, accelerate pace of recovery of economic sectors and provide necessary means to ensure business continuity Dubai on Wednesday rolled out the latest Dh315 million tranche of its economic stimulus package, boosting the total value of government incentives to help businesses brave the pandemic challenges to Dh7.1 billion. ....
Dubai announces more economic incentives to buttress businesses 06 Jan 2021 Inayat-ur-Rahman, Deputy Business Editor Under the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has launched an economic stimulus package worth Dhs315 million. The new package raises the value of business incentives introduced by the emirate’s government to Dhs7.1 billion. The decision to launch the new stimulus package is based on the recommendations of the Dubai Economy Support Committee, chaired by Sheikh Ahmed Bin Saeed Al Maktoum, Second Deputy Chairman of The Executive Council, to continue supporting all economic and business sectors in Dubai. The Dhs315 million package extends the validity of some of the initiatives announced in the previous stimulus packages for another six mon ....
Dubai: Dubai on Wednesday announced the fifth tranche of economic stimulus. “We approved the fifth economic stimulus package in Dubai at a value of Dh315 million, bringing the total value of the economic packages to Dh7.1 billion. We continue to boost the ability of all sectors to overcome the global crisis impact,” said Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council. “The new package includes exemptions and extensions of previous initiatives . and our goal is to spread the benefit to everyone and enable various economic activities to skip the current stage to resume the comprehensive development process with a solid partnership between the government and private sectors . through which we work together to monitor future opportunities and make the most of them,” Sheikh Hamdan Bin Mohammed said in a tweet. ....
Dubai increases economic stimulus package to AED7.1 billion DUBAI, 6th January, 2021 (WAM) Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has launched an economic stimulus package worth AED315 million. The new package raises the value of business incentives introduced by the emirate’s government to AED7.1 billion. The decision to launch the new stimulus package is based on the recommendations of the Dubai Economy Support Committee, chaired by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Second Deputy Chairman of The Executive Council, to continue supporting all economic and business sectors in Dubai. The AED315 million package extends the validity of some of the initiatives announced in the previous stimulus packages for another six months, starting from January 2021 until Ju ....