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Emaar Properties announced a donation of Dhs100 million to support the ‘Social Solidarity Fund against COVID-19’ launched by the Islamic Affairs and Charitable Activities Department in Dubai to support humanitarian efforts in alleviating the impact of the pandemic.
Emaar’s gesture reflects the UAE business community’s patriotic values and keenness to contribute to measures to safeguard the community’s wellbeing.
Chairman of Emaar Properties Mohamed Alabbar said, "This crisis has impacted everyone, and we are keen to aid efforts to accelerate government measures to restore normal life. To mitigate the current situation, we need to streamline the efforts of both corporates and individuals. We cannot do this without a keen awareness of our responsibilities."
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.
The decision comes as part of the Dubai government's continuous incentives to promote economic growth in the emirate, and its continuous support for its investment and government environment, with the aim of easing the financial burdens on the businesses in Dubai, and its residents.
The city’s external trade in the first quarter of 2020 reached Dhs323 billion. Exports grew 2 percent to Dhs43 billion compared to the corresponding quarter last year.
With effect from October 8, the deposit or exchange of Rs2,000 notes at bank branches will be stopped. However, Rs2,000 notes will continue to be legal tender even after October 7, but can be exchanged only at RBI offices, the central bank said.
China’s factory activity expanded for the first time in six months in September, an official survey showed on Saturday,
Pakistan’s largest coal miner Sindh Engro Coal Mining Co (SECMC) expects to boost its output by 51.3% in 2024, its Chief Executive told Reuters,