Khaberni - On Monday, the UAE adopted a facilitation package worth one billion dirhams to support Dubai's economy, as announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, and Chairman of the Dubai Executive Council.
In a statement published by the Dubai Media Office, he said, "We have adopted economic facilities worth one billion dirhams. In these exceptional circumstances, Dubai's government supports individuals, families, and business sectors to overcome these conditions and surpass them."
The statement clarified that the facilities, which include several vital sectors, would last between three and six months.
The announcement came during Sheikh Hamdan's chairing of the Dubai Executive Council meeting, where initiatives and strategies in various sectors included "empowering individuals and the community, and developing foundations to enhance trade and investment, and measuring economic performance" were approved.
The meeting was attended by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance.
The Crown Prince of Dubai added, "We have comprehensive local capabilities, tremendous human resources, and solid strategic plans that enable us to respond to various circumstances."
Foreigners make up about 90% of the UAE's population, serving as a fundamental workforce in efforts to diversify the economy away from oil towards tourism and services.
The Arab Gulf countries have long been considered a safe haven in a troubled region, and the UAE has been keen to promote itself as a safe destination for attracting tourists, talent, and capital investments.
However, for more than a month, the Gulf countries have been experiencing ongoing Iranian strikes, which resulted in the deaths of ten people in the UAE, including eight civilians and two military personnel killed in a helicopter accident attributed to a technical malfunction.
Iran has launched more than 2300 missiles and drones at the UAE, making it the most targeted state since the outbreak of the Middle East war.
Tehran targeted American interests, but it also hit civilian infrastructure including airports, ports, residential areas, and oil facilities across the Gulf.
