Page 85 - WGEO PR REPORT - November-December 2022

11/14/22, 2:49 PM Mohammed Bin Rashid Chairs Cabinet Meeting And Approves The ... | MENAFN.COM
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.

https://menafn.com/1105175254/Mohammed-Bin-Rashid-Chairs-Cabinet-Meeting-And-Approves-The-Convening-Of-The-UAE-Government-Annual-Meetings 4/5