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78 November, 2020 United Arab Emirates Global: 24 Availability: 4 Cost: 73 Regulation: 41 Productivity: 11 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 15 Availability: 2 Cost: 39 Regulation: 28 Productivity: 3 Remote Readiness 2 Remote Readiness 2 The UAE has spent $7.4 billion USD in response to the Covid-19 pandemic. The economic measures include: • Reduction of fees and relaxation of laobr laws • Utility subsidies • Rebates on commercial lease payments for the tourism and hospitality sectors • Sector specific financial assistance https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Borders are open but travellers need to show a negative test result on arrival and may need to quarantine. There are some restrictions for travel within the UAE. Social distancing and the wearing of face masks is mandatory in public. Most shops and schools are open. 2.1% 4.7% 0% 20% United Arab Emirates Regional Ave. % of GDP United Arab Emirates Q4 2019* Q4 2020* % Change YOY Total Workforce 6.8M 6.9M 1.5% Unemployment Rate (%) 2.6% 3.5% 36% Unemployed Workers 175K 242K 38% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ *Reported figures at Q4 each year The 2020 figure for the unemployment rate is a forecast from Trading Economics