Dubai Issues Waivers, Reductions of Fees for 88 Government Services

A general view of Dubai International Financial Centre (DIFC) among high-rise towers in Dubai, United Arab Emirates June 18, 2019. Reuters
A general view of Dubai International Financial Centre (DIFC) among high-rise towers in Dubai, United Arab Emirates June 18, 2019. Reuters
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Dubai Issues Waivers, Reductions of Fees for 88 Government Services

A general view of Dubai International Financial Centre (DIFC) among high-rise towers in Dubai, United Arab Emirates June 18, 2019. Reuters
A general view of Dubai International Financial Centre (DIFC) among high-rise towers in Dubai, United Arab Emirates June 18, 2019. Reuters

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, issued Executive Council Resolution No. (19) 2021 on waivers and reductions of fees for a total of 88 services provided by various Dubai Government entities, Emirates News Agency (WAM) reported Thursday.

The move aims to ease financial pressures faced by businesses and further raise Dubai’s attractiveness as a business and investment hub, WAM said.

The waivers and reductions relate to fees for services provided by Dubai Land Department, Dubai Maritime City Authority, Roads and Transport Authority (RTA), Dubai Municipality, Department of Tourism and Commerce Marketing (Dubai Tourism), Dubai Courts, Department of Economic Development (Dubai Economy) and Dubai Health Authority (DHA).

The decision is part of a series of initiatives undertaken by the government to stimulate economic growth in the emirate as well as promote competitiveness, lower living costs, improve the business environment and support investors, WAM added.



Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova
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Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova

The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting.
OPEC+ countries, which are pumping around half the world's oil, are taking all necessary decisions to maintain market stability, Novak also said after meeting OPEC Secretary General Haitham Al Ghais in Moscow.
"Today, while discussing the situation and forecasts, we assess the current market as balanced. That's thanks primarily to the actions of OPEC+ countries and coordinated actions to comply with the quotas, voluntary commitments of OPEC+ count," Novak said.
The meeting comes as OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, prepares to meet on Dec.1.