The UAE Cabinet has approved a zero-deficit federal budget of AED 61 billion for next year.
The spending plan was endorsed during a Cabinet meeting on Tuesday which was chaired by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
A third of it will be allocated to country's social development sector while the rest will go to infrastructure, economic resources and living benefits
It's the largest budget ever in the history of the UAE.
واعتمدنا اليوم مشاركة الامارات ضمن التحالف الدولي للطاقة الشمسية .. وإعادة تشكيل مجلس الامارات للتغير المناخي والبيئة ... جهود الامارات في مجال التغير المناخي ستبقى مستمرة ومتسارعة كواجب دولي وتاريخي تجاه الأجيال القادمة pic.twitter.com/OPqxkbBICi
— HH Sheikh Mohammed (@HHShkMohd) October 29, 2019
Dubai Holding signs single largest building contract valued at AED 5 billion
Trade through Dubai’s Hatta crossing surges 175%
AED 11.6 million in licence penalties waived for Abu Dhabi businesses
UK's Jaguar Land Rover to cut 4,000 jobs over next two years
Salik renews tolling technology deal for five years
