This came as His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, chaired a Cabinet meeting on Thursday.
The UAE Vice-President said the Cabinet reviewed the country’s economic results as compared to pre-pandemic levels. He said the country saw a 47 per cent growth in non-oil exports; 16 per cent increase in foreign investments; and a 126 per cent rise in the number of new companies.
Housing loans worth Dh2.4 billion
The Cabinet also approved housing loans for citizens worth Dh2.4 billion for the next six months. The move comes as a part of new hosing loan policy. The target of the current year is 3,000 beneficiaries.