His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cupboard assembly at Qasr Al Watan, Abu Dhabi, within the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of Presidential Court docket; H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; and H.H. Lt. Common Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Inside.
Sheikh Mohammed bin Rashid Al Maktoum mentioned, “Right this moment, I chaired the Cupboard assembly at Qasr Al Watan, Abu Dhabi, the place we adopted the reformation of the board of administrators of the Emirates Funding Authority, chaired by my brother Sheikh Mansour bin Zayed Al Nahyan.”
His Highness famous, “Throughout the assembly at the moment, we authorised 78 environmental initiatives and initiatives applied by the UAE in preparation for internet hosting COP28… We additionally reviewed the outcomes and the achievements of the Emirates Council for Meals Safety, which included the ‘Agriculture Innovation Mission for Local weather’ initiative led by the UAE and the US.”
He additional expressed, “We authorised the UAE Service Export Growth Agenda, which is able to concentrate on training, medical tourism, monetary and Islamic providers… The Ministry of Economic system will work on strengthening worldwide partnerships and creating applications to assist the UAE exports within the worldwide markets.”
His Highness added, “We reviewed in the course of the assembly the UAE Overseas Commerce Report 2022 the place our non-oil overseas commerce crossed the AED 2 trillion mark for the primary time in historical past.”
His Highness mentioned, “Right this moment, we additionally authorised the launching of DARAK, the brand new housing platform that gives residents with options, and unique presents and banking amenities in any respect levels of building.”
Throughout the assembly, the Cupboard adopted the reformation of the board of administrators of the Emirates Funding Authority (EIA), chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of Presidential Court docket.
UAE Roadmap in Preparation for COP28
The Cupboard authorised a complete of 78 environmental initiatives in preparation for internet hosting COP28 within the UAE. It consists of nationwide methods to cut back carbon and regulate the usage of photo voltaic power merchandise, sustainable tourism and different initiatives that assist sustainable and environment-friendly growth.
UAE Service Export Growth Agenda
Throughout the assembly, the Cupboard authorised the UAE Service Export Growth Agenda, which goals at elevating manufacturing in addition to rising the competitiveness of Emirati exports within the worldwide markets. The Agenda is about to contribute to strengthening the UAE’s place as a worldwide service supplier and enhancing its rating among the many finest international locations in Gross Nationwide Earnings (GNI) per capita.
The Agenda will concentrate on 5 essential sectors, together with Training; Medical Tourism; Islamic Monetary Providers; Inventive Economic system; and Monetary Providers, via specializing in the most effective markets on the earth.
UAE Exports Growth
The Cupboard reviewed the insurance policies of creating the Emirati exports, via opening as much as new world markets. The non-oil overseas commerce reached unprecedented data because it crossed the AED 2 trillion mark for the primary time in historical past and totaled AED 2.233 trillion in 2022, with a 17% development from that of 2021.
DARAK Housing Platform
The Cupboard has authorised the launching of the brand new housing platform “DARAK”, an built-in e-platform that gives a complete system masking every stage of a home’s building. DARAK is about to offer residents with numerous providers, unique presents and banking amenities in any respect levels of building. The brand new platform will contribute to decreasing the price of building and finishing the development course of via a single level of contact.
2022 Achievements of Emirates Council for Meals Safety
The UAE Cupboard assembly reviewed the outcomes and the achievements of the Emirates Council for Meals Safety (ECSF) for the yr 2022. ECSF achievements included the “Agriculture Innovation Mission for Local weather” initiative. Led by the UAE and the US, the initiative goals at enhancing and accelerating investments on this discipline, and discovering agricultural, local weather and meals security options.
New academic mannequin for Increased Faculties of Know-how
The Cupboard authorised the brand new academic mannequin for the Increased Faculties of Know-how, which is able to come into impact initially of the educational yr 2023/2024. The New mannequin goals at enhancing the contribution of Increased Faculties of Know-how to main an efficient position throughout the workforce growth system within the nation.
Govt Regulation of Federal Regulation on Shopper Safety
The Cupboard has adopted the Govt Regulation of Federal Regulation on Shopper Safety, aiming to guard all shopper rights, particularly these pertaining to the standard of products and providers.
The Cupboard has authorised the Govt Regulation of the Federal Decree-Regulation regulating the Advocacy and Authorized Consultancy Professions, translation and notary public. The assembly authorised a brand new federal legislation regulating the Switch and Transplant of Human Organs, as well as, to numerous choices to increase the scope of corporations and personal sector organizations topic to Emiratization targets inside NAFIS initiatives and programmes.
The assembly reviewed a collection of stories and achievements for the yr 2022, along with approving numerous worldwide agreements with pleasant international locations, together with the Kyrgyz Republic and the Authorities of the Commonwealth of Dominica.
Additionally, the assembly authorised an settlement with the Islamic Growth Financial institution concerning the institution of the financial institution’s regional headquarter within the UAE, and the institution of the UAE embassy within the Republic of Guinea within the metropolis of Bissau, in addition to the UAE’s candidacy for membership within the Govt Board of the United Nations Human Settlements Programme.
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