Minimise job losses… and the disruption to the economy that comes with lots of redundancies happening at the same time.
This is what the UAE Government has set out to do on a priority basis in its response to the COVID-19 outbreak and to lessen its impact on the economy. The announcement by Dubai Free Zones Council on Saturday gives an indication of that strategy.
According to Hamad Obaid Al Mansouri, Director General of Telecommunications Regulatory Authority (TRA), the process for setting up businesses will be quick and easy and will override any cumbersome procedures without any paperwork.
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Dubai: Nasdaq Dubai has launched trading on the MSCI UAE Index, expanding its futures market offerings.
The index comprises 11 companies that are among the largest and most liquid in the UAE. They include DP World, Emaar Properties and First Abu Dhabi Bank.
In a statement on Sunday, the authority said the decision will help achieve further stability for the operational processes of free zone companies and consequently sustain and drive investment growth.
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