Page 521 - MOE ENGLISH PR REPORT - JULY 2024

the volume of trade through modern technical means in the country. It is
aligned with the dimensions of the relevant international markets, especially
since digital markets constitute a significant area of competition that requires a

clear regulatory framework that ensures the interests of companies and
consumers.

- Introduces controls to prevent the abuse of the economic dependency
situation so that any enterprise is prohibited from conducting unjustified

actions or actions leading to the abuse of the economic dependency situation.

- Prohibits the offer or application of very low prices for production, transfer
and marketing when the purpose or consequence of this practice is to exclude

an enterprise or one of its products from the market concerned.

- Covers all economic concentration processes, conditions and control
mechanisms, as well as introduces flexibility in established criteria in the
verification of the economic concentration process, based on the annual sales

value of the enterprises concerned and not only the total share of such
enterprises involved in the economic concentration process.

- Enables relevant parties to express their views on the Application for
Economic Concentration project, and to provide any data or information that
would help study the request, in line with global best practices in the field of
competition.

- Supports the integration between the federal and local government in
enforcing competition law through the empowerment of local authorities by
enhancing their roles for the first time in addressing anti-competitive practices
and applications for economic concentration across the country.

- Promotes consultation and collaboration among various federal, local, and
sectoral regulatory entities across different issues governed by the law,
actively enforcing competition policy at the national level.

Furthermore, the briefing session focused on the powers and responsibilities
assigned to the Ministry of Economy under the new Law.

https://en.aletihad.ae/news/uae/4499806/ministry-of-economy-reviews-new-competition-
regulation-law