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U.A.E. Amps Up Stimulus, Unveils New Aid Package

The closed shops and stalls in Dubai's Grand Souq-Bur, after the country imposed a sweeping crackdown, on March 31.

The closed shops and stalls in Dubai's Grand Souq-Bur, after the country imposed a sweeping crackdown, on March 31.

Photographer: Karim Sahib/AFP via Getty Images

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The United Arab Emirates is unlocking new aid and slashing banks’ reserves requirements as the coronavirus pandemic shuts down much of the economy.