Page 68 - WGEO PR REPORT - November-December 2022

11/14/22, 2:49 PM UAE cabinet approves convening of government annual meetings – The Gulf Time Newspaper
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

November 22-23. 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 organisation 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

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