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December 13, 2024
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Ministry of Economy

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Fluent to develop stablecoin technologies in the UAE under Ministry of Economy’s NextGen FDI Programme

The Ministry of Economy has announced that US-based Fluent Finance, the developer of a cryptocurrency-based payment platform that facilitates cross-border trade, has joined its NextGen FDI program. The web3 company, which was founded in Delaware in 2020, plans to launch operations in Abu Dhabi and plans to grow its workforce to between 100-125 people within […]
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Ministry of Economy & SCA hold workshop to promote cooperation & exchange of expertise in AML/CFT efforts

The Ministry of Economy, represented by the Anti-Money Laundering & Countering of the Financing of Terrorism (AML/CFT) department, held a two-day workshop recently in collaboration with the Securities and Commodities Authority, to promote cooperation and the exchange of expertise in anti-money laundering and combatting the financing of terrorism in the UAE. H.E.
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Ministry of Economy highlights UAE’s efforts in developing intellectual property legislation

The Ministry of Economy (MoEc), represented by the Intellectual Property (IP) sector, participated in the 11th Intellectual Property Technical Committee meeting held by the Intellectual Property and Competitiveness Department of the League of Arab States in Cairo. It was attended by several government officials from the IP sector of Arab countries. H.E. Dr. Abdulrahman
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Ministry of Economy participates in IMF workshop

Abu Dhabi, 02 August 2023: Represented by the Anti-Money Laundering (AML) Department, the Ministry of Economy participated in a workshop organized by the International Monetary Fund (IMF), titled ‘The application of AML/CFT risk-based approach on companies operating within the Designated Non-financial Businesses and Professions (DNFBP) sector.’ The workshop was aimed at
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Ministry of Economy organizes workshops to promote awareness on the importance of reporting suspicious transactions in gold & precious stone sector

The Ministry of Economy, represented by the Department of Anti-Money Laundering, organized two workshops, in Arabic and English, to promote the awareness of traders and business owners in the gold and precious stones sector on the reporting of suspicious transactions to ensure the quality of these products when presented to the Financial Intelligence Unit (FIU). […]
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HE Al Zeyoudi meets delegation from Mexico to enhance cooperation in fields of trade, investment, agriculture, advanced technology and financial services

 His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has welcomed a delegation of senior government officials from Mexico to the United Arab Emirates as the two nations explore greater trade and investment opportunities. At the Ministry of Economy in Dubai, HE Dr Thani held discussions with Her Excellency Carmen […]
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Talent Attraction & Retention Committee reviews latest developments in the implementation of talent attraction initiatives

The Talent Attraction and Retention Committee held its fourth meeting, chaired by H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Minister in charge of Talent Attraction and Retention recently. The meeting reviewed the progress made in the implementation of the UAE’s Talent Attraction & Retention Strategy, and the results […]
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Hybrid-electric VTOL aircraft manufacturer Odys Aviation to enter the UAE under the Ministry of Economy’s NextGen FDI Programme

Abu Dhabi, UAE – 26 May, 2023: The Ministry of Economy has announced that Odys Aviation, a US-based company developing hybrid-electric vertical take-off and landing (VTOL) aircraft designed for both regional distances and short-haul “air taxi” routes, has joined its NextGen FDI program, which provides pioneering businesses in high-potential sectors with the market-entry
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Ministry of Economy receives 700 applications for Phase II of The Entrepreneurial Nation over seven months

Abu Dhabi, 23 May 2023: The Ministry of Economy revealed that it has received 700 applications from startups and SMEs wishing to participate in phase II of The Entrepreneurial Nation programs, between October 2022 and April 2023. The Ministry is currently in the process of shortlisting these applications in accordance with the program’s eligibility criteria. […]