Dubai’s DIFC Introduces Temporary Economic Support for Business, Retail Community

Dubai International Financial Centre (DIFC) said on Thursday it was introducing a package of temporary relief measures to support its business and retail community “as the region emerges from the current environment.”

The measures, effective immediately, include flexible payment plans for commercial and retail tenants, installment options for license renewal fees, and grace periods on certain administrative payments related to lease contracts, company registration, data protection filings and employee pension enrolment, a DIFC statement said.

“We stand alongside our clients, partners and employees with a clear commitment to provide support and reassurance when it is needed most,” DIFC Authority Chief Executive Arif Amiri said.

DIFC is home to 8,844 active firms, including more than 1,052 regulated entities spanning banks, asset managers, insurers and brokerages, according to the center.

(Reporting by Reuters, Editing by William Maclean)

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