During the Coronavirus Pandemic, it’s been hard to keep up with the constant stream of news – especially with conflicting stories emanating from the wide array of different sources. Here at IAE, we’ve been collecting the most important Coronavirus news stories for our customers in the UAE. The following is part one of our UAE Coronavirus News Roundup.
Digital Infrastructure in the time of Coronavirus.
Our friends at Gulf News have highlighted the importance of Dubai’s Digital Infrastructure – an area which has enabled a huge amount of economic growth and diversification in the UAE. However, in the time of Coronavirus, Digital Infrastructure has enabled the UAE to maintain some continuity in an otherwise turbulent period. Read more using the link below.
How the UAE Central Bank is Supporting the Economy During Coronavirus.
As is the case in many countries, the government in the UAE have introduced measures intended to mitigate the economic impact of the Coronavirus. The UAE Central Bank has doubled their stimulus package in order to help the economy during the pandemic.
UAE’s Incentives to Battle Coronavirus.
In a similar vein to the previous story from Gulf Today, the Khaleej Times reports on the many incentives offered by the government in the UAE. Taking into account the economic incentives offered by governments at both the federal and local level, the UAE offered over 100 incentives in 45 days. Amongst these incentives are plans to provide a three-month break on the payments of interest on loans and credit cards; allowing the payment of school fees in instalments and without interest; a five billion Dh support scheme for electricity and water companies as well as many others. Read more in the article linked below.
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