DUBAI FDI ECOSYSTEM

Stimulating the Business Environment to Address COVID-19 Virus Effects

Stimulating the Business Environment to Address COVID-19 Virus Effects

UAE Ministry of Economy is now offering updates about COVID-19, best practices for doing businesses in times of crises COVID-19, insights about UAE’s investment environment, incentives granted for businesses in the UAE, information about FDI law, Coronavirus Reports & Summaries Regarding Investments, and a direct communication with MOE’s Investment Department

19 Oct 2020

UAE launches a global initiative to support technology-based startups in the UAE and Italy

UAE launches a global initiative to support technology-based startups in the UAE and Italy

The Ministry of Economy, in cooperation with Microsoft, the Intesa Sanpaolo Innovation Centre and the Italian Cariplo Factory, aims to enable startups to present their innovations before leading global companies in this field, to identify the most capable and advanced innovations that can support the transition towards a circular economy

Source: WAM

Category: FDI Incentives

18 Oct 2020

UAE to provide immediate support for business sectors and enable a rapid economic recovery

UAE to provide immediate support for business sectors and enable a rapid economic recovery

The UAE Cabinet, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the launch of the plan’s 33 initiatives to support economic sectors on August 3, 2020.

Source: WAM

Category: COVID-19 FDI Incentives

15 Oct 2020

DMCC extends its Business Support Package until 31 December 2020 in celebration of winning ‘Global Free Zone Of The Year’ by Financial Times’ (FT) fDi Magazine for a Sixth Year in a Row

DMCC extends its Business Support Package until 31 December 2020 in celebration of winning ‘Global Free Zone Of The Year’ by Financial Times’ (FT) fDi Magazine for a Sixth Year in a Row

As the largest commercial package ever released by DMCC, the Business Support Package offers a range of discounts to support business, reduce cost and safeguard operations against the impact of COVID-19. DMCC is set to announce further promotions in due course

20 Sep 2020

DMCC Extends its “Business Support Package” until 20 October 2020

DMCC Extends its “Business Support Package” until 20 October 2020

The package which was launched in March includes a wide range of discounts and waivers to support DMCC’s registered companies

03 Sep 2020

AED27 bn in credit facilities provided to logistics, storage communications sectors in H1-2020

AED27 bn in credit facilities provided to logistics, storage communications sectors in H1-2020

These sectors played a key role in accelerating economic growth, especially against the backdrop of the fallout of the COVID-19 pandemic

Source: WAM

Category: COVID-19 FDI Incentives

08 Aug 2020

UAE Central Bank decides on additional measures within Targeted Economic Support Scheme

UAE Central Bank decides on additional measures within Targeted Economic Support Scheme

This step comes as an additional measure encouraging banks to strengthen the implementation of the TESS and support their impacted customers in overcoming the repercussions of COVID-19 pandemic

Source: WAM

Category: COVID-19 FDI Incentives

28 Jul 2020

Dubai South extends stimulus package until the end of the year

Dubai South extends stimulus package until the end of the year

The move aims to help companies navigate the challenges posed by the COVID-19 pandemic and ensure business continuity during the recovery period

14 Jul 2020

Emirates Islamic introduces Digital Business Banking package with low minimum balance requirement

Emirates Islamic introduces Digital Business Banking package with low minimum balance requirement

The new Digital Business Banking package will empower entrepreneurs, Small and Medium Enterprises (SMEs) and new start-ups in the UAE, to open an account with a minimum balance requirement of just AED10,000

11 Jul 2020

Dubai announces new economic stimulus package worth AED1.5 billion

Dubai announces new economic stimulus package worth AED1.5 billion

The new package raises the value of business incentives introduced by the emirate’s government in the past few months to AED6.3 billion

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