Dubai state-linked entities Dubai Holding and Meraas on Tuesday announced a fund of over 1 billion dirham ($270 million) for business partners and customers in their portfolios in response to the coronavirus epidemic.
“The economic relief package ... is designed to partially alleviate the burdens encumbered by some of the businesses or individuals within the Dubai Holding and Meraas ecosystem, who have been impacted by the outbreak of COVID-19,” they said in a statement.
Support would be provided on a case-by-case basis.
Dubai stock exchange shuts trading floor to prevent coronavirus spreadThe Dubai Financial Market (DFM) announced it would temporarily be closing it ... Financial Markets
Coronavirus: Dubai asks residents to avoid holding parties, weddings at homeResidents of Dubai have been asked by officials to avoid holding parties and ... Gulf
Coronavirus: Dubai closes all hotel bars, pubs, loungesThe Dubai Department of Tourism and Commerce Marketing (DTCM) notified all ... Gulf
Coronavirus: Dubai suspends sea cruises, safaris, and floating restaurantsThe Dubai Department of Tourism and Commerce Marketing directed on Monday all tour ... Gulf