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Dubai has approved a Dh1.5 billion ($400 million) economic incentive package to support the city’s business and tourism sectors at a time when demand has fallen due to the Iran war.
The raft of measures includes suspending the nightly hotel tax, which is Dh20 ($5.45) in higher-tier hotels, and the 7 per cent municipal tax added to hotel and restaurant bills.
It also sets out a range of exemptions for nurseries and private schools, including deferring fees. It is the second package announced by the government following a Dh1 billion relief…