Page 389 - MOE ENGLISH PR REPORT - AUGUST 2024

8/16/24, 1:46 PM PRESSR: UAE to host seventh Arab Competition Forum in 2026 — TradingView News
national economy that fosters a vibrant business environment teeming with

opportunities and promising potential.

The Ministry added that the Forum will provide a significant opportunity to
strengthen collaboration with Arab countries in the development of competition

policies. It aims to draw on both regional and global experiences in this area

and to raise awareness about the country's competition laws, particularly

Federal Decree-Law No. 36 of 2023 on competition regulation. This legislation

plays a key role in promoting and safeguarding competition, enhancing the

national economy's competitiveness both regionally and globally, tackling
monopolistic practices, addressing detrimental economic clusters that affect

consumers, supporting the growth of various economic sectors, boosting

productivity, and making the country more attractive for both local and

international investments.

ESCWA, in collaboration with UNCTAD and OECD, launched the first competition

forum in 2020, in Beirut, Lebanon. The event serves as an annual platform
where stakeholders in the region come together to share knowledge and

experiences on competition policies and their enforcement.

For further information, please contact:

Orient Planet Group (OPG)

Tel: +971 4 4562888

Email: media@orientplanet.com

Website: www.orientplanet.com

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