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UAE: Signs of torpor as authorities struggle to restore growth

Authorities across the UAE are continuing to look for ways to boost economic activity, amid signs of weak performance in key areas. This is despite a number of efforts to inject more life into the non-oil economy by slashing fees for businesses at both federal and emirate level.Ras Al-Khaimah has become the latest to join that trend, when RAK Ruler Sheikh Saud Bin Saqr Al-Qasimi announced on 4 December that 272 businesses would be exempt from 50% of the cost of any renewal fees or fines imposed by any local department in the emirate.

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