UAE healthcare sector catches the COVID-19 ‘fever’

Dubai: UAE hospitals are at the frontlines in tackling the worst effects of the COVID-19 outbreak – but it is now starting to tell on their financial health, according to senior industry sources. Hospitals and clinics are now facing a significant loss of revenue because of a sharp drop in outpatient visits for non-COVID-19 ailments […]

COVID-19: UAE Ministry of Economy announces reduction in fees for 94 of its services

Dubai: The Ministry of Economy has announced a new list of service fees, reflecting a reduction across 94 of its offered services, particularly provided by the Ministry to the public covering individuals, companies and the business sector. The move is being made in accordance with UAE Cabinet Resolution No. 20 of 2020 regarding services fees […]

COVID-19, oil prices : A double whammy for Middle East oil exporters, says IMF

Dubai: The COVID-19 pandemic is significantly affecting oil exporters of the Middle East with nearly all countries in the region affected by the spread of the virus, according to the Regional Economic Outlook of the International Monetary Fund (IMF). “A plunge in global oil prices is compounding strains on these economies, increasing challenges to combating […]

COVID-19: Dubai International Financial Centre offers retailers rent-free support

Dubai : Dubai International Financial Centre (DIFC) on Wednesday announced a new support package for its business partners. Retailers based at DIFC-owned assets now benefit from a three-month rent-free period on their base rent, providing businesses with added flexibility and financial relief. The new initiative builds on Dubai Government’s economic stimulus package and DIFC’s fiscal […]