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UAE government increases stimulus to Dh126bn

March 22, 2020
UAE government increases stimulus to Dh126bn

The UAE government increased its stimulus package to Dh126 billion ($34bn) on Sunday to help offset the impact of the coronavirus, Sheikh Mohammed bin Rashid, the UAE Vice President and Ruler of Dubai announced on Twitter.

"We approved an additional support package of Dh16bn," Sheikh Mohammed said. "We approved new measures to cut the cost of doing business, support small businesses and accelerate major infrastructure projects."

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