Page 473 - 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 development of relevant
policies and procedures, positively impacting the business environment in both countries and empowering businesses
to address monopolistic practices, as well as supporting efforts for sustainable economic development.

The MoU, which spans four years and is automatically renewable, stipulates cooperation on several fronts, including
the exchange of experiences, knowledge, and best practices, the organization of training programs and joint

https://www.dubaiprnetwork.com/pr.asp?pr=185317 1/2