Page 471 - MOE ENGLISH PR REPORT - MAY 2025 ( Part 2)

5/22/25, 2:22 PM Ministry of Economy signs MoU with Egyptian Competition Authority enhancing cooperation in fields of competition & combating mo…

Ministry of Economy signs MoU with Egyptian Competition
Authority enhancing cooperation in fields of competition &

combating monopolistic practices

Both parties to benefit from UNCTAD's regional training centre for competition in Cairo

Abu Dhabi, 06 May 2025 - The Ministry of Economy signed a Memorandum of Understanding (MoU) with the
Egyptian Competition Authority (ECA) to enhance cooperation in the fields of competition protection and

combating monopolistic practices, contributing to promoting a fair business environment in both countries.
The signing took place on the sidelines of ECA's annual conference held in Egypt.

The MoU was signed by H.E. Safeya Hashem Al-Safi, Assistant Undersecretary for the Commercial Control

and Governance Sector at the UAE Ministry of Economy, and Dr. Mahmoud Momtaz., Head of ECA.

H.E. Safeya said that the signing of the MoU reflects the Ministry of Economy's commitment to expanding its

regional and international partnerships in the field of competition, adding that cooperation with ECA will
support efforts to achieve more market transparency, enhance investor confidence, and serve the interests of
consumers in both countries.

The Assistant Undersecretary explained that the agreement is an effective framework for enhancing
institutional cooperation between the two sides in the field of competition protection. It contributes to the

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