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1/20/25, 4:48 PM Economic Integration Committee reviews its 2024 achievements – The Gulf Time Newspaper
markets. Another initiative focused on empowering family businesses, driving their growth and ensuring their sustainability
across generations.
The report highlighted that during the past year, the committee held seven meetings, formed seven national task forces to
enhance economic integration and cooperation between federal and local entities, and worked on implementing key economic
legislation and policies.
It also issued 79 different recommendations, of which over 98 per cent have been successfully implemented and the
remaining in progress. Additionally, the committee continued its efforts to ensure the effective implementation of the anti-
money laundering and countering the financing of terrorism (AML/CFT) framework, with a focus on regulating company
registrars and supervising designated non-financial businesses and professions (DNFBP) sector. These efforts contributed to
the UAE’s delisting from the Financial Action Taskforce (FATF)’s grey list.
The meeting underscored the importance of further developing the UAE’s intellectual property system. This includes
advancing collaborative efforts to implement the Ministry of Economy’s ‘Instablock’ initiative, which aims to protect copyrights

of live online broadcasts and immediately responds to IP right violations.
Another significant national project, ‘IP Finance,’ aims to facilitate access to financial resources for startups by leveraging
intangible assets and patents. This initiative seeks to empower innovation-driven entrepreneurship and strengthen the
intellectual property framework within the UAE’s startup and SMEs ecosystem. Ultimately, these measures contribute to the
growth and competitiveness of the knowledge economy and emerging economic sectors in the country.

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