DUBAI will provide support worth over $270 million to help businesses and families, authorities announced Monday, with the Gulf states facing economic disruption from Iran’s aerial attacks and closure of the Strait of Hormuz.
“Today, we approved support measures worth AED 1 billion ($272 million) for the economic sector, aimed at assisting individuals, families, and businesses in navigating these exceptional circumstances,” Dubai’s media office said in a statement. It added: “Long-term government planning reflects Dubai’s unwavering commitment to its citizens, residents.”
The United Arab Emirates and other Gulf countries have faced waves of drone and missile salvos from Iran after Tehran unleashed a retaliatory aerial campaign on its neighbours in response to US and Israeli strikes beginning on 28 February.
AFP
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