UAE: Stimulus packages of Dh395b to support economic recovery ...United Arab Emirates

Abu Dhabi: The total economic stimulus packages and initiatives provided by the federal and local governments since the beginning of the COVID-19 pandemic has reached Dh395 billion to date, thanks to the unlimited support by the wise leadership, Humaid Al Muhairi, official spokesperson of the Ministry of Economy, said. "The Cabinet adopted a general economic recovery plan in August 2020 to support economic sectors and activate business activities under the supervision of the Ministry of Economy,” Al Muhairi, said during the weekly media briefing on Tuesday. Through the three-phase plan, including 33 initiatives, UAE aimed to mitigate the effects of the pandemic on the private sector, ensure

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