Page 93 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

Press Release

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 workshops, as well as the exchange of information and specialized
studies. Additionally, it aims to enhance capabilities in the areas of examining economic
concentration processes and investigating violations. The MoU also allows both parties to benefit
from the United Nations Conference on Trade and Development (UNCTAD) centre for
competition training for the Middle East and Africa region, based in Cairo.

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