The proposal was made following a meeting between Sultan bin Saeed al-Mansouri, the Ministry of Economy and the heads of various other UAE economic departments.
The committee would include representatives of the Ministry of Economy, economic departments, municipality authorities and other public and private sector bodies.
Following the meeting, the Ministry of Economy said the government must intervene to bolster the UAE economy.
It suggested further interest rate cuts, schemes to encourage deposit growth in UAE banks and the implementation of varied interest rates for different economic sectors.
Dubai has already formed an Advisory Council to assess the impact of the financial crisis on its economy.
You might also like...
Qiddiya tenders site office package
25 April 2024
Kuwait’s oil sector could be disconnecting from politics
25 April 2024
Kuwait launches oil and gas project portal
25 April 2024
Aramco receives proposals for offshore LTA pool
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.