IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 20 Jul 2009 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued a decree No. 24 of 2009 which created a $20 billion "Dubai Financial Support Fund" in order to bail out cash-strapped local companies.
The monies will be managed by the Dubai Financial Support Fund. According to a statement by the Director General of Dubai's Department of Finance loans will provided on commercial terms to "government and government-related entities engaged in projects deemed to be of strategic and developmental importance to the emirate of Dubai."

AFFECTED COUNTRIES

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