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.

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