UAE: Signs of torpor as authorities struggle to restore growth
Issue 1071 - 13 Dec 2018
Authorities across the UAE are continuing to look for ways to boost economic activity, amid signs of weak performance in key areas. This is despite a number of efforts to inject more life into the non-oil economy by slashing fees for businesses at both federal and emirate level.Ras Al-Khaimah has become the latest to join that trend, when RAK Ruler Sheikh Saud Bin Saqr Al-Qasimi announced on 4 December that 272 businesses would be exempt from 50% of the cost of any renewal fees or fines imposed by any local department in the emirate.
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