Coronavirus
Dubai Announces Economic Incentive Package for its Free Zones
(Bloomberg) — Dubai announced an economic incentive package for its free zones on Saturday in the light of “exceptional circumstances” related to the coronavirus pandemic.
The measure consists of five parts, including postponing rent payments for six months and cancellation of some fines for companies and individuals, the state-run Emirates News Agency reported. The city is home to a number of free zones, including the Dubai International Financial Center.
The United Arab Emirates previously rolled out a $34 billion stimulus package to fend off the impact of the coronavirus. The Gulf nation has reported 468 virus cases so far, including two fatalities.
-
Dossier2 months agoDossier, 2026
-
OER Magazines2 months agoOER, February 26
-
Banking & Finance2 months agoSohar International and Sohar Islamic Supports Over 100 Families in Al Wusta Governorate Through Its ‘Sohar Al Attaa’ Initiative
-
Banking & Finance2 months agoNational Finance Unveils Exclusive Ramadan Offers on Auto Financing
-
Economy2 months agoMiddle East Tensions Heighten Risks to Strait of Hormuz, Raising Uncertainty for Global Oil Markets
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, February 26
-
Economy2 months agoAnalysis: Oman-India CEPA Opens Path to Deeper Trade Investment and Growth
-
Economy2 months agoANALYSIS: Oil Near Seven-Month Highs Amid US, Iran Tensions
