Dubai launches fifth coronavirus economic stimulus package

To help the economy cope with the effects of the coronavirus pandemic

  
Dubai skyline. Image courtesy Dubai Media Office Twitter handle.

Dubai skyline. Image courtesy Dubai Media Office Twitter handle.

DUBAI- The Emirate of Dubai has announced a new stimulus package worth 315 million dirhams ($86 million) to help the economy cope with the effects of the coronavirus pandemic.

The package, its fifth, takes the total economic stimulus from the government of Dubai, part of the United Arab Emirates, to 7.1 billion dirhams since March last year, Dubai Crown Prince Sheikh Hamdan bin Mohammed said on Twitter.

(Writing by Lisa Barrington; Editing by Toby Chopra) ((lisa.barrington@thomsonreuters.com;))

More From GCC