Page 868 - MOE ENGLISH PR REPORT - DECEMBER 2024

12/27/24, 4:24 PM Ministry Of Economy And ADNOC Sign MoU For Digital Transformation - OneArabia

The agreement will foster cooperation in digital connectivity, establishing a framework for information exchange, data

collection, and statistics enhancement. This aligns with best practices and approved methodologies in the field. The

partnership also aims to improve data quality and develop innovative analysis methods, boosting operational efficiency
while adhering to global standards.

Both parties will work together to integrate databases and promote knowledge sharing in common areas. This collaboration
is expected to enhance skills and capabilities within their respective teams. Al Nuaimi stated: "Through this partnership, we

will work to improve the quality of data and develop innovative mechanisms to analyze and harness it effectively, which will

enhance the efficiency of operations and consolidate our commitment to the highest global standards in this regard."

The National Economic Register was launched by the Ministry of Economy in early October as a comprehensive database
for commercial licenses across all seven emirates. It standardises business establishment procedures through a unified

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