DMCC extends huge support programme

DMCC extends huge support programme

The Dubai Multi Commodities Centre (DMCC) announced an extension to its Business Support Package until October 20.The programme, aimed at helping DMCC-based companies to better navigate the turmoil unleashed by Covid-19 epidemic, comprises a wide range of discounts and waivers to support the DMCC's registered companies, the commodities trading hub said in a statement. The package, which includes discounts on licence renewals and 100 per cent waiver of penalties, is being extended as the commodities hub drew 805 new companies to its business district in the first half of 2020 despite the gloom cast by the lockdown restrictions.Ahmed bin Sulayem, executive chairman and CEO of the DMCC, said as the largest free zone in the UAE, the decision to extend the package is set to boost Dubai's economic resilience at