DUBAI, Oct 24 (Reuters) - Dubai has announced a new 500
million dirhams ($136.14 million)stimulus package to support the
local economy, taking Dubai's total stimulus measures this year
to 6.8 billion dirhams, the crown prince of the emirate said on
Twitter on Saturday.
"The private sector is a major partner in Dubai's
development process, and we have adopted a set of new exemptions
for some fees and a reduction in rents for some sectors, as well
as an extension of the validity of a previous set of exemptions
from fees," said Hamdan Bin Mohammed Al-Maktoum.
($1 = 3.6728 UAE dirham)
(Reporting by Yousef Saba;
Editing by Alison Williams)