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Ministry of Economy

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Ministry of Economy organizes forum to discuss significant of ‘Trade through Modern Technology act’

The Ministry of Economy today organized a forum titled, ‘Trade through Modern Technological Means: Beyond Digital Trade’, in the presence of H.E Abdulla bin Touq Al Marri, Minister of Economy, H.E.  Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, a number of officials, chief executives, and representatives of the Telecommunications and Digital
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Ministry of Economy unveils two new projects in the field of IP and entrepreneurship

The Ministry of Economy unveiled two new initiatives in the Intellectual Property (IP) and entrepreneurship sectors, strengthening the UAE’s efforts to develop the IP and innovation landscape and stimulate the growth of startups and SMEs in the country. The first one is the establishment of an ‘Intangible assets finance committee’ with the aim of providing […]
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Ministry of Economy highlights key role of amendments

 The Ministry of Economy (MoEc) held a media briefing to review the most prominent developments in legislation and policies designed to support and develop the UAE’s national economy. These include the issuance of Federal Decree Law No. 15 of 2023 amending some provisions of Federal Law No. 6 of 2018 on arbitration, which aims to […]
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Ministry of Economy and ICA sign partnership agreement

The Ministry of the Economy (MoEc) signed a partnership agreement with the International Compliance Association (ICA) to implement a specialized training program on anti-money laundering for the Ministry employees and private sector businesses, especially Designated Non-Financial Businesses and Professions (DNFBPs), starting January 2024. The agreement comes in line with
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Ministry of Economy signs MoU with Securities & Commodities Authority and Economic Security of Dubai

The Ministry of Economy (MoEc) signed a memorandum of understanding (MoU) with the Securities and Commodities Authority (SCA) and the Economic Security Center of Dubai to enhance oversight and supervision of auditors working for public joint-stock companies listed in the UAE’s financial markets and local investment funds. It aims to support the development of auditing […]
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Ministry of Economy organizes workshop on mechanisms

The Ministry of Economy held a workshop on the mechanisms to combat harmful practices in international trade and its role in protecting the Gulf industry. The event that took place on October 11 and 12, was held in collaboration with the GCC’s Office of the Technical Secretariat to Combat Harmful Practices in International Trade. The […]
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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 and Abu Dhabi Chambers host India’s top CEOs to promote private-sector cooperation

The UAE Ministry of Economy, in cooperation with the Abu Dhabi Chamber of Commerce and Industry, has hosted a delegation of more than 20 Indian CEOs organised by the Confederation of Indian Industry (CII). Headed by His Excellency Piyush Goyal, India’s Minister of Commerce and Industry, the delegation participated in a roundtable with His Excellency […]
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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