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Telesom Dahabshiil
Published On: Tue, Mar 17th, 2020

Bin Zayed acts to save Abu Dhabi economy

Dubai(ANN)-The authorities in Abu Dhabi, the capital of the UAE, are searching for urgent solutions to save the economy from collapse due to the devastating effects of the coronavirus pandemic locally and around the world.

The losses incurred by the UAE during the past few days have prompted the Crown Prince of Abu Dhabi, Mohammed Bin Zayed, to meet with members of the Abu Dhabi Executive Council to discuss the current economic conditions. Bin Zayed has ordered all capital projects to continue and the development of new plans to stimulate investment in the emirate, despite the Covid19 crisis.

“I have directed all capital projects according to the approved plans not to cancel or postpone any project within the framework of Abu Dhabi’s development agenda, to take additional measures to preserve the economic gains in the emirate and to give priority to emerging companies in light of the current challenges,” the Crown Prince said on Twitter. “I directed [the concerned parties] to work on new plans to stimulate strategic investment sectors, and ordered the formation of a committee headed by the Finance Department, members of the Department of Economic Development and local banks to follow up borrowing programmes for local companies in Abu Dhabi under the current circumstances.”

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- Arraale Mohamoud Jaama Freelance Journalist and Human Rights Activist Arraale, is a 20 year experience as a professional Journalist and human rights activist Over the years, worked for the major News Papers in Somaliland as a reporter, editor and contributor. 2008 established website Araweelo News Network, he currently runs a web site based in Somaliland. who is the specializes in the investigation and reporting on issues relating to human rights, democracy, and good governance. contact: Send an SMS or MMS to + 252 63 442 5380 WhatsApp + 252 65 910 7347.

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Araweelo is an Associated Network News, The most trusted source for news & Political,investigator report,Human Rights Issues,Educations,Social and Democracy ,Latest News Horn of Africa. runs Arraale Mohamoud Jama Freelance Journalist and Human Rights Activist based in Somaliland.

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