A wave of exceptionally hot weather has blasted parts of South and Southeast Asia this week
Fees of registering suppliers in the Federal Supplier Register at the Ministry of Finance and the Ministry of Infrastructure Development have been cut by 50 per cent - from Dh1,000 to Dh500 - while cancellation and renewal fees have been revoked.
These decisions will boost the national economy and stimulate business environment against coronavirus. A number of other government entities have also announced measures on the similar lines to support private sector.
Younis Haji Al Khouri, Undersecretary of MoF, said that the move is aimed at enhancing the national economy, enable business growth and achieve economic balance in the country, especially in light of the repercussions of Covid-19 pandemic.
"The Ministry of Finance coordinates its efforts with all relevant federal ministries to review government fees that could be abolished or reduced. This is based on in-depth studies and benchmarks set to enhance the attractiveness of the national economy to investors and to reduce the cost of doing business, to strengthen the nation's standing in global competitiveness indicators, in line with the goals of UAE Vision 2021," said Al Khouri.
-waheedabbas@khaleejtimes.com
A wave of exceptionally hot weather has blasted parts of South and Southeast Asia this week
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