The UAE ministry of economy is poised to implement a “flexible package and general plan” to support the country’s economy.
The plan, which will be implemented in three phases includes 33 major initiatives focusing on development of sectors, support for labor market, stimulation of trade, enhanced flexibility of financing activities, increased productivity, support for digital transformation, acceleration of green economy growth and enhanced food security, the ministry said in a statement.
Global developments in the fields of health and economy, the UAE's openness to global markets as well as forecasts on various sectors, including energy will form part of the plan.
"The economic plan’s scope focuses on developing policies and initiatives, thereby aiding the transition of the economy to a more flexible and sustainable model, especially in the final stages of the plan’s implementation,” said economy minister Abdulla bin Touq Al Marri.
"During this stage, intensified digital transformation and investments in future industries and advanced technological applications in the business sector in the country will be encouraged,” he added.
The government of Dubai last month announced Dh1.5 billion worth of economic measures for non-free zone companies in the emirate, raising the total value of stimulus packages so far to Dh6.3bn.
The Central Bank of the UAE also rolled out a comprehensive Dh100bn economic stimulus package in March to offset the impact of the coronavirus pandemic.
The latest package being considered by the ministry of economy will include policies undertaken at the federal and local levels and aligning them with national strategies and priorities.
Reviving trade, enhancing flexibility fo financing activities through sustainable incentive measures as well as increasing productivity by exploring opportunities for investment are among the "axes of change" identified under the plan.
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
UEFA CHAMPIONS LEAGUE FIXTURES
All kick-off times 10.45pm UAE ( 4 GMT) unless stated
Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid
Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
