UAE forms new committee to ensure business continuity amid coronavirus impact

UAE forms new committee to ensure business continuity amid coronavirus impact

The UAE announced on Saturday it has formed a new national committee to ensure business continuity as the ongoing coronavirus crisis continues to impact the local economy.

In line with the UAE Government's plan and increased efforts to combat the pandemic, the National Covid-19 Crisis Recovery Management and Governance Committee has been formed.

Latest central bank forecasts show a deeper contraction this year than first estimated, dragged down by disruptions caused by the pandemic

Chaired by Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, the committee includes members representing a number of ministries and federal departments in addition to representatives of the Emirates Development Bank and Abu Dhabi National Oil Company (ADNOC).

The committee is mandated to ensure "efficient recovery from the Covid-19 crisis by leveraging the resources required for