Ras Al Khaimah has unveiled a range of measures to support its tourism sector in the wake of the COVID-19 pandemic.
The relief, set by the Ras Al Khaimah Tourism Development Authority (RAKTDA), will include a six-month waiver of all tourist licenses, waiver of tourism dirhams from March to May, and an exemption of fees due for the second and third quarters of 2020. Any tourism licensing fines will be cleared through to the end of September.
RAKTDA CEO Raki Phillips added that they were putting in place incentives for private-sector hotels and attractions.
“It is imperative that we are transparent in our communications and work together to find solutions to this very challenging situation," he said.
RAKTDA will also ramp up tourism promotion activities through 2020 and 2021, within the emirate and abroad.
Its four-step road to recovery focuses firstly on the domestic market, followed by the GCC and wider Middle East, then extends to Asia and Europe.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
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DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
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The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.