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Nakheel announced a Dhs230 million economic relief package for customers in the wake of the COVID-19 outbreak.
The economic relief package aims to help reduce the financial burden faced by businesses and individuals during the current global challenges.
Nakheel’s customers include property owners, retail and hospitality tenants and small business operators. The package includes free rental periods for retail and hospitality partners who operate within the Nakheel Malls portfolio.
This will take effect when the malls, which are currently closed under government directives, reopen. Small retail business owners who lease space at Nakheel’s master communities will also receive a rental holiday.
Nakheel is also waiving administration charges across various services for three months, and, as per government directives, reducing district cooling charges by 10 per cent for three months for commercial and residential customers.
Commenting on the announcement, Mohammed Ibrahim Al-Shaibani, Chairman of Nakheel, said, "Every business and individual in Dubai – and across the globe – is affected in some way by COVID-19. As a leading, responsible developer, we must support and work with our loyal customers and business partners who are facing economic challenges during these unprecedented times."
The resolution stipulates 15 fines starting from Dhs1,000 for failing to wear medical masks indoors by only those individuals suffering from chronic diseases, and those showing cold and flu symptoms or failing to maintain social distancing
Consul General in Dubai and the Northern Emirates Paul Raymund Cortes on Monday said: "All consular services which would include passport, authentication, visa, civil registry shall only be attended to after April 8, Wednesday."
The Palestinian embassy in the UAE had earlier urged the Palestinian community in the country to take part and respond to the national campaign when it was launched.
London's benchmark FTSE 100 index was up 1.0 per cent, in the eurozone, Frankfurt won 0.9 per cent and Paris climbed 0.8 per cent.
Spot gold was up 0.8% at $2,033.86 per ounce by 0655 GMT, after hitting a record high of $2,036.49. US gold futures rose 1.4% to $2,049.30.
The benchmark Nikkei 225 index slipped 0.26 per cent, or 58.81 points, to end at 22,514.85, while the broader Topix index inched down 0.04 per cent, or 0.55 points, to 1,554.71.
Brent crude was up by 31 cents, or 0.7%, at $44.74 a barrel by 0713 GMT. The contract rose 0.6% on Wednesday to its highest close since March 6. West Texas Intermediate oil was up by 26 cents, or 0.6%, at $41.96 a barrel. The contract ended Tuesday trading 1.7% higher, its highest close since late July.