UAE launches an interactive online tool to aid firms amid the impact of the COVID-19

By Rahul Vaimal, Associate Editor
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The UAE’s Ministry of Economy has launched an interactive online tool to assist firms to discuss the impact of the Covid-19 pandemic, support business continuity and promote sound business practices as part of efforts to shore up the private sector during the crisis.

The platform is geared towards reducing the influence of the coronavirus on the country’s commercial and investment environment, defending consumers and companies, and building direct communication between the ministry and businesses.

“The platform will provide the latest developments on the epidemic in the country by linking to the information centre for the UAE, and providing a set of proposals and guidelines that are in accordance with best practices in the field of conducting business in light of this pandemic in terms of precautionary measures and steps that companies and employers are required to continue to conduct their business, whether at the company’s headquarters or through remote work”
Ministry of Economy Statement

The Ministry of Economy’s platform presents information on conditions and methods for dealing with customers and suppliers during the pandemic. It also extends recommendations on how to boost sales during this time and provides an overview of the most affected sectors and the most “promising” ones, the ministry statement said.

Additionally, it offers information on the incentive packages launched by the UAE at the federal and local levels for businesses to cope with the effects of the pandemic. The online tool also supports the business community to submit general queries through direct communication with the Investment Department of the Ministry of Economy.

The digital service, which is available on the official website of the Ministry of Economy, includes a section for questions related to foreign direct investment and reports about the impact of the coronavirus on foreign direct investment flows.