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. Offered by the UAE’s federal government and local governments, these grants are intended to strengthen social integration in the GCC nation.
The UAE government provided AED13.33 bn in grants across all seven emirates in H1 -2019, a growth of 23.4 percent on the comparable period in 2018, statistics revealed by the Ministry of Finance. The grants, which are provided through the Ministry of Social Development and other local departments, aim to subsidise prices for Emiratis and provide direct financial support to eligible beneficiaries
According to the World Competitiveness Rankings report 2019, published by Swiss-based International Institute for Management Development, the UAE ranks first globally for business efficiency, outshining other economies in areas such as productivity, digital transformation and entrepreneurship.