Page 89 - WGEO PR REPORT - November-December 2022
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still have poor productivity compared to the human and 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,
https://techjaun.com/emirates-news-agency-mohammed-bin-rashid-chairs-cabinet-meeting-and-
approves-the-convening-of-the-uae-government-annual-meetings/
