Home Covid-19 UAE boosts stimulus to $34bn to fend off virus impact The nation’s central bank earlier this month rolled out a $27bn package by Bloomberg March 22, 2020 The United Arab Emirates boosted the size of its stimulus package to $34bn as the second-biggest Arab economy seeks to fend off the impact of the coronavirus. ترأست اجتماعا لمجلس الوزراء أقررنا خلاله حزمة دعم إضافية بقيمة ١٦ مليار درهم ليصل إجمالي الحزمة التحفيزية الاقتصادية ١٢٦ مليار درهم في الدولة. واعتمدنا أيضا حزمة إجراءات جديدة لخفض كلفة الأعمال ودعم الشركات الصغيرة والتعجيل بتنفيذ مشروعات البنية التحتية الحكومية الكبرى pic.twitter.com/VbajrX8Lwi — HH Sheikh Mohammed (@HHShkMohd) March 22, 2020 The cabinet approved an additional support package of Dhs16bn, bringing the total size to Dhs126bn, according to a tweet by Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum, who is also the prime minister of the UAE. The nation’s central bank earlier this month rolled out a $27bn package of measures to support its banks. Abu Dhabi and Dubai, which are part of the UAE, have also announced separate measures. 0 Comments