Page 697 - MOE ENGLISH PR REPORT - JANUARY 2025

1/20/25, 4:49 PM UAE : Economic Integration Committee reviews its achievements, efforts in promoting national economic growth - Yemen Online |
enhancing the competitiveness of UAE’s products in global 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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