UAE announces reduced fees to support business, economy amid coronavirus

General view of Abu Dhabi, United Arab Emirates. (File photo: Reuters)

The United Arab Emirates (UAE) Ministry of Economy said on Sunday it was cutting fees for 94 of its services to reduce the cost of business and support the economy amid the coronavirus outbreak.

The decision includes fees related to management licenses, commercial agency registrations and trademarks.

The financial impact of the measures is estimated to have a value of 113 million dirhams ($31 million), the ministry said in a statement.

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Last Update: Sunday, 12 April 2020 KSA 17:46 - GMT 14:46