Page 47 - MOE ENGLISH PR REPORT - SEPTEMBER 2024 (Part 2)

Press Release

During its 5th meeting for the year 2024, chaired by Minister of Economy

Economic Integration Committee reviews government's efforts in
developing legislative framework for anti-money laundering and patent

registrations

H.E. Bin Touq: Thanks to the guidance of wise leadership, the UAE has
successfully established an exemplary legislative environment by enacting over
30 economic laws & regulations over the last four years

Abu Dhabi, 18 September 2024 - The Economic Integration Committee held its fifth meeting for
the year 2024, chaired by H.E. Abdulla bin Touq Al Marri, Minister of Economy, and with the
participation and membership of H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for
Foreign Trade; and H.E. Alia bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship.
The meeting was also attended by the heads of local economic development departments across
the UAE.

The Committee reviewed the UAE's efforts to develop the economic legislative system, including
the national strategy for Anti-Money Laundering and Countering the Financing of Terrorism
(AML/CFT) 2024-2027, updates on the implementation of Cabinet resolution regulating tele-
marketing calls, as well as the legislation concerning the registration of patents and intangible
assets.

H.E. Bin Touq said: “Thanks to the guidance of its wise leadership, the UAE has succeeded in
developing a leading, integrated, and comprehensive legislative environment for the business
sector in line with global best practices. This has been achieved through the issuance of more than
30 laws and legislation over the past four years, ensuring a competitive climate for conducting
economic activities and supporting the transition towards a new economic model based on
knowledge and innovation. This is in accordance with the UAE's efforts to achieve global
leadership in the development of proactive legislation for new economic sectors in line with the
targets of the ‘We the UAE 2031' vision.”

He added: “The Economic Integration Committee plays a key role in enhancing cooperation among
all stakeholders in the national economy’s development journey at both federal and local levels,
aiming to provide the best regulatory and legislative environment, while supporting the
competitiveness of the UAE’s business environment.” The meeting also discussed several

1