UAE Chambers Discuss Mechanisms to Support the Private Sector to Deal with Corona’s Effects

  • Abu Dhabi, UAE
  • 9 September 2020
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The joint meeting between the General Secretariat of the Federation of UAE Chambers and the directors of the chambers of commerce, members of the Federation of Chambers' office in Dubai discussed the dealing mechanisms of private sector, the items related to the next phase and how to work during the current situation, and the goal of the meeting is to follow up on the progress of the financial and economic packages launched by the government to provide the necessary liquidity for the private sector to deal with the effects of the current conditions, based on the motive of preserving the gains that have been achieved for the national economy. In addition to discussing the developments of the work stages during the coming period.

During the meeting, a number of important topics were discussed that focused in their entirety on the economic conditions related to the UAE private sector, in addition to identifying developments related to the challenges facing business owners in various sectors, in addition to reviewing the Chambers' initiatives to confront the pandemic and the existing coordination with the relevant authorities in the country to address them and contribute in the return of its activities to its previous state and recover as soon as possible.

The meeting recommended a number of issues and proposals as well as put forward a number of ideas that would contribute to the advancement of the private sector in preparation for submitting them to the concerned authorities with the aim of supporting the private sector in facing the current challenges, especially the ones related to the wage protection system and federal fees on commercial licenses, in addition to appealing to funding agencies to reopen support programs for small and medium enterprises.

Source Al Khaleej Newspaper-UAE, Edited)