Dubai to fund into Emirates amid Covid-19 losses

Dubai

Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has vowed that Dubai will inject funding into Emirates amid the ongoing coronavirus pandemic, it was announced on Tuesday.

According to the UAE’s state-run WAM news agency, the move to inject liquidity to the company is a reflection of “its strategic importance to the Dubai and UAE economy, and the airline’s key role in positioning the emirate as a major international aviation hub”.

On Twitter, Sheikh Hamdan said that “the government of Dubai is committed to fully supporting Emirates at this crucial time and will inject liquidity into the company”.