Page 677 - MOE ENGLISH PR REPORT - JANUARY 2025

1/20/25, 4:48 PM Economic Integration Committee reviews its achievements, efforts in promoting national economic growth – UAE Business and Tra…
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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