AbdulAziz Al Ghurair, Chairman of the UAE Banks Federation, has commended the UAE Cabinet’s decision approving a Dh16 billion ($4.36 billion) economic stimulus package as part of the Federal Government's additional measures to support the national economy, ensure businesses continuity, and mitigate the coronavirus impact.,
Al Ghurair commented: “During times of uncertainty and heightened concern, we rely on governments the world over to protect citizens and safeguard economies. In the face of adversity, the leadership of the UAE has once again acted boldly and swiftly to tackle the greatest immediate threat to society that we have seen this century.
“The decision to provide an additional Dh16 billion stimulus package, as well as implement new measures to support businesses and accelerate infrastructure projects, demonstrates the brave leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and the UAE government’s commitment to not only protect but also strengthen the resolve of our communities in these challenging times.” -- Tradearabia News Service
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