Page 544 - MOE ENGLISH PR REPORT - JULY 2024

7/15/24, 3:24 PM Latest News

Ministry of Economy reviews new Competition

Regulation law and its role in developing

regulatory & legislative frameworks to promote

competition in the country

11/07/2024

New law to combat monopolistic practices by ensuring a stimulating environment

for enterprises

Abu Dhabi, 11 July 2024:
The Ministry of Economy organized a media briefing to review the Federal Decree-Law No. 36 of 2023 on
competition regulation, which aims to promote and protect competition in the country, combat monopolistic

practices, counter harmful economic concentration of consumers, support the growth of economic sectors
and boost productivity, thus enhancing the country's attractiveness to domestic and foreign investments.

H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, said: "The law marks a new

milestone in the UAE’s efforts to develop a leading legislative system for competition in accordance with
global best practices. It provides a comprehensive legal framework to enhance the role of competition in the

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