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11/14/22, 2:48 PM Mohammed bin Rashid chairs UAE Cabinet meeting
financial resources available to them”. His Highness added: "In our meeting, we also adopted a new policy to support the local product by
changing the customs exemption policy so that the exemption is for imported materials that are included in industries that are not
locally available... The goal is to encourage factories to use locally produced materials to support them." The UAE Government Annual
Meetings The Cabinet approved the convening of the UAE Government Annual Meetings on the 22nd and 23rd November. The nation-
wide meeting will witness the participation of UAE’s leaders, the ministers of the UAE, and representatives of all UAE government
entities at the federal and local levels. Participants will discuss current developmental projects, shaping the future development vision
of the country to reach the UAE Centennial 2071. The Consumer Goods Pricing Policy The UAE Cabinet adopted a new policy to price the
basic consumer goods in the country. The Ministry of Economy will be responsible of ensuring control over the commitment of basic

commodity providers and sales outlets, to pricing in accordance with the policy. The policy includes 9 basic commodities for consumers,
including cooking oils, eggs, dairy, rice, Sugar, poultry, legumes, bread and wheat. Creating and organising Owners Association The
meeting adopted a decision regarding the establishment and organization of the Owners Association. The decision regarding the
executive regulations’ provisions apply to all real estate established by the federal authorities in the country, including free zones.
Controls of Shariah Supervisory Committees for Companies The meeting adopted a decision regarding the standards, requirements and
controls of the Shariah Supervisory committees and the Shariah observer, for companies established in the UAE that conduct their
activities in accordance with the provisions of Islamic Sharia. The decision sets controls for committees’ work. As for the companies, they

must obtain the approval of the internal Sharia Supervisory committees after their establishment and before starting their activities.
Joining the Global Alliance on Green Economy During the meeting, the UAE Cabinet approved the country's joining the Global Alliance
on Green Economy, led by the World Green Economy Organisation, to support the UAE's preparations to host the 28th session of the
Conference of the Parties (COP 28). Also, the Cabinet approved a decision to form a committee chaired by Dr. Ahmad Belhoul Al Falasi,
Minister of Education. The committee will work on implementing the decision on the governance of UAE Public Higher Education
Institutions, reviewing the scholarship system, and following up on the implementation of the new funding model in the UAE public
universities. The UAE Cabinet approved “JAHIZ: The Future of Government Talents" initiative, which focuses on empowering and training
government talents with 20 skills to enhance their readiness for the future. The skills include data and artificial intelligence, new

economy, digital and 10x skills to accelerate and double achievement. Also, the meeting approved a number of agreements with the
United Republic of Tanzania, and the Republic of Peru. In addition to an agreement with the principality of Monaco. The meeting
approved the signing of an agreement with the World Customs Organisation, to establish the Regional Office for Capacity Building
(ROCB) for North Africa, the Near East and the Middle East. The Cabinet meeting approved the establishment of UAE General
Consulates in Sarajevo in Bosnia and Herzegovina, and in the city of Shymkent in the Republic of Kazakhstan.

https://mediaoffice.ae/en/news/2022/November/13-11/Mohammed bin Rashid chairs UAE Cabinet meeting and approves resolutions 2/3