Picture shown is for illustrative purposes only.
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 UAE Cabinet has approved a landmark decree amending certain provisions of the existing “commercial transactions law” to allow drawers and payees of bounced cheques additional opportunities at reconciliation.
In a statement, the Ministry affirmed its aim to expand the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment.
The infected individuals are from various nationalities, are in a stable condition, and receiving the necessary care, Ministry added. MoHAP also announced 3 deaths due to COVID-19 complications, bringing the total number of deaths in the country to 1,529.
The 21st edition of Airport Show was opened in Dubai, amidst increased confidence and indications that the aviation industry is experiencing a huge surge to return to the pre-pandemic levels and sustained growth outlook.
Shadi Malak, CEO of Etihad Rail, the developer and operator of the UAE national railway network, has said that Etihad Rail is committed to foster the vision of country’s leadership,
The UAE is Australia’s largest trade and investment partner in the Middle East. With $6.8 billion in two-way trade in 2020 (over $10 billion pre-COVID), the UAE is Australia’s 19th largest export market globally for goods and services.
Sheikh Hasher Bin Maktoum Al Maktoum, Director General of Dubai Department of Information has officially opened CABSAT 2022 - the region’s leading satellite, broadcast, and content event – at Dubai World Trade Centre (DWTC) on Tuesday.