Dubai govt announces Dh500m stimulus to support local economy

Agencies
October 25, 2020

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Dubai, Oct 25: The Government of Dubai on Saturday announced an additional Dh500 million stimulus package to help local economy cope with the impact of the Covid-19 pandemic and expedite economic recovery.

This took the total stimulus package announced by the emirate to Dh6.8 billion this year, said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council.

The new Dh500-million stimulus initiative covers advertising permit fee exemption for all companies registered with the Dubai Municipality for three months; six-month licence extension for nurseries, clinics and healthcare professionals; 50 per cent rent reduction for nurseries from the Knowledge Fund Establishment; licence renewal exemption for all nurseries in Dubai; and taxi concession fees reduction to enhance liquidity in the sector.

These stimulus initiatives will last until the end of the year.

In addition, certain previous stimulus initiatives have been extended until the end of year, including waiver for all penalties related to government registration; freeze on market fees and fees on ticket sales and permits.

"We realise the pandemic has imposed great challenges on several business sectors at a global level, and our goal is to fully overcome these challenges locally and accelerate recovery to establish a new phase of economic growth," said Sheikh Hamdan.

He said the private sector is a major partner in Dubai’s continued progress. "We have now approved a fresh set of fee exemptions and rent reductions for some sectors, as well as an extension on the validity of a previous set of fee exemptions."

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NIKESH KUMAR
 - 
Saturday, 7 Nov 2020

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Agencies
November 23,2020

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Riyadh, Nov 23: The G20 leaders have emphasized the group's commitments to safeguarding the planet and adopting clean energy, according to an official statement.

During the second and final day of the 12th G20 Riyadh Summit, the Saudi presidency on Sunday hosted a high-level side event on safeguarding the planet, during which the G20 leaders highlighted the importance of Circular Carbon Economy approach to manage greenhouse emissions across the world and industries to protect the planet, reports Xinhua news agency.

The statement noted that G20 remains committed in its efforts to safeguarding the planet by preserving coral reefs, ocean ecosystems, and taking concrete actions to tackle land degradation and habitat loss.

"With a coordinated approach on environment, we ensure the G20 countries' commitment to building a more inclusive, sustainable, and resilient future," the statement added.

Addressing the meeting, Saudi King Salman bin Abdulaziz Al Saud stressed that safeguarding the planet is of critical importance.

"With the increase in emissions because of economic and population growth, we must pioneer sustainable, pragmatic, and cost-effective approaches for achieving ambitious climate goals," he added.

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Mohammed Asif
 - 
Wednesday, 25 Nov 2020

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My Eid no 784198468051952
passport K4737515

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News Network
November 30,2020

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The source made the revelation on Monday, saying the weapon collected from the site of the terrorist act bears the logo and specifications of the Israeli military industry.

Iran's Ministry of Defense also said it had obtained "new leads" on the identity of the perpetrators and that the information "will be publicized very soon."

A former head of the Defense Ministry’s Organization of Defensive Innovation and Research, Fakhrizadeh was targeted in an attack involving at least one explosion and machinegun fire in the town of Absard near Tehran.

Foreign Minister Mohammad Javad Zarif tweeted on Sunday that the assassination bears all the hallmarks of the Israeli regime.

The history of Tel Aviv’s sabotage targeting Iran’s nuclear energy program is as old as the program itself.

Many observers believe Israel is not able to carry out such dangerous operations without the prior information and support of the United States which left a landmark nuclear deal with Iran in 2015.

Israel possesses the Middle East’s sole nuclear arsenal estimated to contain at least 200 warheads. The occupying regime maintains a policy of ambiguity concerning its nuclear weapons, neither confirming nor denying publicly that it has the capability.

It also refuses to join the Nuclear Non-Proliferation Treaty (NPT) and does not allow any international inspection of its nuclear weapons program.

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News Network
November 29,2020

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About 1,000 protesters gathered outside Israeli Prime Minister Benjamin Netanyahu’s official residence in Jerusalem on Saturday night, pressing ahead with their months-long campaign demanding his resignation.

A mix of grassroots groups have held the weekly protests, saying Netanyahu should step down while he is on trial for corruption and because of his handling of the coronavirus in Israel. After two lockdowns this year, the nation’s economy is struggling, and hundreds of thousands of Israelis remain out of work. Many protesters are Israelis who have lost their jobs.

After six months of demonstrations and with wintry weather setting in, the protest crowds have started to shrink. But participants remained vocal and animated Saturday. Nearly all wore masks, though not everyone observed social distancing.

Many held Israeli and pink flags, one of the symbols of the protest movement. Others hoisted model submarines, a reference to a scandal over an Israeli purchase of German submarines in which several Netanyahu associates have been implicated. Netanyahu has not been named as a suspect in that case, though his rival, Defense Minister Benny Gantz, ordered an investigation into the affair this week.

Smaller protests also took place at junctions and overpasses across Israel, and at Netanyahu’s private home in the upscale coastal town of Caesaria.

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