⁍ Dubai has announced a new 500 million dirhams ($136.14 million) stimulus package to support the local economy.
⁍ This takes Dubai’s total stimulus measures this year to 6.8 billion dirhams.
– In an effort to boost the local economy, Dubai has announced a $136 million stimulus package, Reuters reports. “The private sector is a major partner in Dubai’s development process, and we have adopted a set of new exemptions for some fees and a reduction in rents for some sectors, as well as an extension of the validity of a previous set of exemptions from fees,” said Hamdan Bin Mohammed Al-Maktoum, Dubai’s crown prince.
Source: https://www.reuters.com/article/emirates-economy-dubai-int/dubai-announces-136-million-extra-stimulus-package-idUSKBN2790KQ