Dubai Eye 103.8

On Air Now
The Music Mix
11:00pm - 6:00am

Listen To Dubai Eye

Al Futtaim unveils AED 100 Million relief for Festival City retailers

Thursday, 19 March 2020 18:53

Instagram/Al Futtaim

Dubai's Al Futtaim Group has announced a relief fund worth AED 100 million to alleviate the pressure on its retailers during the Covid-19 outbreak .

It will cover up to three months’ rent for eligible tenants, who have already faced business disruption and slowdown.

The Group operates the Dubai Festival City Mall and the recently opened Festival Plaza mall.

An Al Futtaim Group spokesperson said during unprecedented times, they understand the difficulties faced by the businesses.

All retail tenants will be contacted in the next few days to discuss their individual requirements

It comes after Dubai Holding and Meraas announced an AED 1 billion stimulus programme to tenants at its residential and commercial destinations.

More from Business

UAE, Azerbaijan enter Comprehensive Economic Partnership Agreement

The UAE and Azerbaijan have officially entered into a Comprehensive Economic Partnership Agreement (CEPA) to bolster trade and investment relations between the two nations.
Dubai Properties awards AED 1.1 billion in contracts to advance Villanova community

Dubai Properties, a member of Dubai Holding Real Estate, has awarded contracts worth nearly AED 1.1 billion to Metac General Contracting Co. LLC for the construction of 850 townhouses at Villanova in Dubailand.
Parkin to operate parking spaces near Binghatti developments

Parkin has entered into a multi-year agreement with real estate developer Binghatti Holding, where it will operate approximately 1,200 spaces across selected Binghatti developments.
UAE, Uzbekistan explore partnerships in new economy sectors

The UAE's Minister of Economy and Tourism, Abdulla bin Touq Al Marri, has met with a high-level delegation from Uzbekistan to explore ways to strengthen economic and investment ties.
Dubai and Shanghai trade bodies hold talks to boost business ties

Dubai Chambers has held talks with a major Chinese trade body in Shanghai aimed at strengthening economic ties and increasing trade and investment between the two markets.

Coming Up on Dubai Eye

The Business Breakfast
6:00am - 10:00am

The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
The Agenda
10:00am - 1:00pm

Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!