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UAE Achieves 46 Percent of Economic Recovery Package Published December 14th, 2020 - 08:30 GMT More than 310,000 individual clients, nearly 10,000 small and medium enterprises, and more than 1,500 private sector companies have benefited from the loan deferral programme included in the support plan. (Shutterstock) About 46% progress has been achieved in implementing the 15 initiatives of the first phase of the economic recovery programmme initiated by the UAE government in the emirates. Major initiatives that have been implemented to date, including amendments to the bankruptcy law, allocation of grants and incentives to tourism establishments, promotion of foreign direct investment (FDI) through amendments to the commercial companies law, amendments to the commercial transactions law and the decriminalisation of cheques without balance, reduction of fees and taxes on the tourism sector, enhancing flexibility of labour market, the comprehensive targeted economic support pla

United arab emiratesAbu dhabiAbuz abyAhmed belhoul al falasiAhmed al zeyoudiYousef al amiriAl marriTouq al marriOmar sultan al olamaLahej al falasiAl olamaSaif hadef al shamsiAl shamsiAl hameliRashid al maktoumAbdullah mohammed al