Page 50 - MOET ENGLISH PR REPORT - JULY 2025

Press Release

H.E. added: “This achievement is the result of sustained institutional efforts by all federal and local
entities, enhancing confidence in the national business environment, facilitating financial and
commercial transactions with European institutions, and opening up greater partnership and
investment opportunities with major global markets.”

Enhancing digital integration of National Economic Register

The Committee reviewed progress on the full digital integration between local licensing authorities
and the National Economic Register. A significant number of registrants across the UAE are
already integrated, with accurate beneficial ownership data captured, including for complex
structures in line with FATF requirements. The system has also been enhanced to cover additional
legal arrangements and provide regulatory entities with real-time, accurate data access.

Development of the regulatory and legislative framework for music copyright

The meeting also reviewed progress on strengthening the regulatory framework for collective
management of music copyrights, in cooperation with the World Intellectual Property Organization
(WIPO). This includes establishing a national task force with representatives from economic,
cultural, and media entities, and engaging with local economic development departments to
incorporate compliance standards into licensing conditions, thereby protecting authors’ rights and
promoting fair-use practices.

The Committee further reaffirmed its commitment to monitoring national efforts to enhance the
financial and legislative compliance framework. These efforts aim to foster a safe, transparent, and
investment-friendly economic environment, support national entrepreneurship, and improve the
UAE’s standing in international indices, aligned with the ‘We the UAE 2031’ vision for global
leadership in economic legislation.

-Ends-

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