More relief measures announced for UAE firms

File Pic

The UAE's Ministry of Finance (MoF) has announced new measures to protect companies from the economic impact of the coronavirus pandemic.

It has reduced registration fees for federal suppliers and contractors at MoF and Ministry of Infrastructure Development by 50 per cent from AED 1,000 to AED 500, as well as cancellation of registration renewal fees.

The ministry also cancelled fees for selling tender documents in federal entities (ministries and authorities).

Younis Haji al-Khury, Undersecretary of the Ministry, explained that the measures are aimed at boosting the national economy and stimulating the business sector.

More from Business

Coming Up on Dubai Eye

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.

  • FARMER'S KITCHEN

    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!