UAE – Mubasher: The UAE government offered AED 13.33 billion worth of grants during the first half of 2019, rising by 23.4% from the year-ago period, state-run Emirates News Agency (WAM) reported on Thursday.
Offered by the UAE’s federal government and local governments, these grants are intended to strengthen social integration in the GCC nation.
Over the six-month period ended 30 June, financial grants accounted for 6.6% of total government expenses which amounted to AED 200.5 billion.
It is noteworthy that the UAE came in the first place for business efficiency in terms of productivity, digital transformation, and entrepreneurship, among 63 economies assessed, according to the world competitiveness rankings report 2019 released by the International Institute for Management Development (IMD).
