On Monday, Abu Dhabi’s Crown Prince Sheikh Mohammed bin Zayed al-Nahyan said that United Arab Emirates authorities will support the economy by easing investment laws and regulations as the coronavirus spreads in the country.
Sheikh Mohammed, the UAE’s de facto ruler, said authorities also plan to stimulate strategic investment and a new committee headed by the Department of Finance will review lending options to support local companies.
The epidemic has spread rapidly around the world, killing over 5,800 and infecting more than 156,000 people, putting many countries on virtual lock-downs and severely disrupting global economic activity.
