Dubai Announces AED 1 Billion Fund to Support Tourism Sector Amid Iran War-Related Decline
🌏 Dubai has launched a AED 1 billion ($272 million) support initiative for hotels and tourism operators affected by the Iran war's impact on tourism. Announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum on March 30, the initiative will begin on April 1, 2026, and last three to six months. Measures include deferring government fees for three months and allowing hotels to postpone 100% of sales and tourism dirham fees.
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