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FinancialNews


  • 29-05-19

    UAE steps up efforts to attract foreign investment

    (MENAFN) The United Arab Emirates (UAE) is accelerating its efforts to lure an increased number of foreign investments, with a plan to waiver or slash fees imposed on government services' businesses.

    In an online statement, the UAE government declared: "[the cabinet] adopts a decision to amend and waive fees for a number of federal services within the framework of the government's effort to enhance the national economy, reduce costs to business owners and increase the UAE's competitiveness."

    Under the decision, the cabinet noted, it will cut or remove fees for over 1,500 government services being offered through the Ministry of Economy, Ministry of Interior and Ministry of Human Resources and Emiratisation.

    It comes as the UAE started more than a year ago to impose steps aimed at improving its economic performance and enhance its private sector.

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