Dubai cuts 2021 budget as pandemic impacts economy ...Kuwait

Dubai will cut its budget to $15.5 billion in 2021, the emirate said on Sunday, after a challenging year that struck its economy.Dubai on Sunday said it expects to cut its budget to $15.5 billion in 2021 after its economy was impacted by a plunge in tourism and other sectors amid the novel coronavirus pandemic. The emirate, one of the seven that make up the United Arab Emirates, had posted a record $18.1 billion budget for 2020. "The newly-announced budget takes into account the exceptional economic conditions of the fiscal year 2020 and the repercussions of the Covid-19 pandemic on the global economy," said a statement by the Dubai Media Office. Dubai foresees a deficit for the fifth yea

Hence then, the article about dubai cuts 2021 budget as pandemic impacts economy was published today ( Sunday 27/12/2020 - 05:45 PM ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Dubai cuts 2021 budget as pandemic impacts economy )

Last updated : 27 Dec 2020 clock 05:45 PM

Also on site :

Dubai cuts 2021 budget as pandemic impacts economy ...Kuwait

What to Know About Sadie Robertson's Daughter Kit's Health Scare

Pete Davidson's GF Elsie Hewitt Marks Her 1st Mother's Day Amid Romance Woes

Sabres drop game three in Montreal, trail 2-1 in second round series

Kevin Hart and Katt Williams End Their Feud at Netflix Roast: ‘B—-, This Is My Riyadh Comedy Festival’

‘Mormon Wives OC’ Stars Join Wild Twerk-Off at ‘Netflix Is a Joke’ Event

Jacob Wilson Leaves Game Due To Shoulder Sprain

Rickie Fowler Prediction Emerges After Runner-Up Finish at Truist Championship

Eric Church Delivers UNC-Chapel Hill Commencement Speech Like a Guitar Lesson, Performs ‘Carolina’ for Grads

Rooster Bosses Explain How Finale Twist Will Complicate Greg's Next Semester At Ludlow — Plus, Grade Season 1

Original Star Left Beloved Classic Film After ‘Terrifying’ Costume Mishap Led to Serious Emergency

What to Know About Half Baked Harvest Founder and Influencer Tieghan Gerard

Person killed in Mattapan shooting, 2 others shot in Dorchester overnight Saturday

‘Rooster’ Bosses Bill Lawrence And Matt Tarses Unpack Season 1 Finale And Hint At Who Viewers Could Meet In Season 2

Daniel Jackson shines again as Georgia completes sweep of LSU

Indiana Pacers Face Harsh Criticism After Rough NBA Draft Lottery Results