Page 61 - WGEO PR REPORT - November-December 2022

Creating and organizing 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 Organization, 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 His Excellency
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

https://www.zawya.com/en/press-release/government-news/mohammed-bin-rashid-chairs-cabinet-
meeting-and-approves-the-convening-of-the-uae-government-annual-meetings-lpgq5nug