UAE exempts hotels from management fees due to coronavirus regulations

The UAE suspended all passenger flights, including transit for two weeks. (File/AFP)
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Updated 24 March 2020

UAE exempts hotels from management fees due to coronavirus regulations

  • The decision follows an earlier move to exempt tenants of retail shops and restaurants at NCTH-owned hotels from rent
  • There are 198 confirmed cases of coronavirus in the country

DUBAI: UAE’s National Corporation for Tourism & Hotels (NCTH) exempted hotels under it from management fees and other expenses for three months, state news agency WAM reported on Monday.
“This decision follows an earlier move to exempt tenants of retail shops and restaurants at NCTH-owned hotels from rents for three months,” Chairman of NCTH Sheikh Hamdan bin Mubarak Al Nahyan said.
The Federal Authority for Identity and Citizenship said visitors who weren’t able to leave the country because of flight suspensions will be able to stay longer, as they will set up a mechanism to prolong their stay legally.
Earlier, the UAE suspended all passenger flights, including transit for two weeks as part of the new regulations to curb the spread of COVID-19.
There are 198 confirmed cases of coronavirus in the country, out of which 41 recovered and 2 died.


Oman warns private sector to prepare for conditions to deteriorate as coronavirus hits global economy  

Updated 08 April 2020

Oman warns private sector to prepare for conditions to deteriorate as coronavirus hits global economy  

  • Oman called on business to take precautionary measures to tackle the Covid-19 crisis until mid-June
  • The coronavirus pandemic hammered the world economy, cementing economists’ views of a deep global recession

DUBAI: Oman warned companies in the private sector to prepare for conditions to deteriorate economically and to take precautionary measures to tackle the Covid-19 crisis until mid-June.
The Oman Chamber of Commerce and Industry (OCCI) said in a statement that companies should take precautions when making decisions regarding their financial forecasts, calculating financial flows, Times of Oman reported. 
“Oman Chamber of Commerce and Industry expresses its gratitude and appreciation to the private sector, individuals and institutions for their interaction, interest, national sense, and their rapid response by providing all support and assistance to face the current crisis that the country is going through,” an OCCI statement said.
Business activity collapsed from Australia, Japan and Western Europe to the United States at a record pace in March as measures to contain the coronavirus pandemic hammer the world economy, cementing economists’ views of a deep global recession.
The highly contagious coronavirus, which causes a respiratory illness called COVID-19, has caused entire regions to be placed on lockdown and in some places soldiers are patrolling the streets to keep consumers and workers indoors, halting services and production and breaking supply chains.