Dubai announces new Dh315 million stimulus package

  • Date: 06-Jan-2021
  • Source: Gulf Insider
  • Sector:Economy
  • Country:UAE
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Dubai announces new Dh315 million stimulus package

Dubai on Wednesday announced the fifth tranche of economic stimulus.During the period between March and October this year, the Government of Dubai launched four stimulus packages with the objective of mitigating the impact of confinement measures in the Emirate, on the demand side, covering consumption, investment, trade and travel, as well as on the supply side including the workforce, supply chains and the cost of doing business. The initiatives, worth around Dh6.8 billion, helped offset the shock and repercussions in the form of job losses or disruptions to businesses.Comments Read Next2 weeks agoDubai economy forecast to grow by 4% in 2021October 24, 2020UAE: Dubai announces Dh500m stimulus to support local economyApril 27, 2020Bahrain: Stimulus Package Beneficiaries Receive April SalaryApril 21, 2020Bahrain: Taxi Drivers Included in Economic Stimulus PackageApril 15, 2020UAE, Saudi Economies to Bounce Back in 2021, Says IMFFebruary 1, 2020Dubai: Exorbitant Price for Face MasksOctober 10, 2019UAE Ranks Among Top 25 Competitive EconomiesAugust 3, 2019UAE: Petrol Prices To Go Up 3% As Of AugustMay 5, 2019Dubai Expo 2020: A ‘Turning Point' In UAE's Economic GrowthJanuary 15, 2019UAE Economy Expected To Grow 3.8% By 2023