UAE Ministry of Economy
Diverse a competitive knowledge-based economy by national competencies.
To Enact and update legislations that regulate and encourage economic activities environment; develop national industries and exports; provide services and encourage investments; streamline the small and medium-size enterprises sector (SME); protect consumer rights and intellectual property, and diversify the business activities led by national cadres through creativity and global standards to create a knowledge -based economy that ensures balanced and sustainable growth in the UAE.
Respect of Rights
Commitment to Excellence
Ministry of Economy carries out the preparation of the project of the General Development plan of the state, identifies its stages and annual divisions and all matters associated to that such as projects, legislations and proposals. All in view of the general strategic plan of the state and the studies it makes besides the preprograms and information presented by the various ministries.
Competencies of the Ministry:
1. Propose the economic and commercial policy that realize the economic development, increase production, raise standard of living and realize welfare to nationals.
2. Construct plans, programs and projects necessary to implement the above policies.
3. Propose projects for legislation and organizational regulations for the commercial and economic activity and supervise the legislations and regulations implementation.
4. Prepare legislations that organize the various training stages suitable to realize the economic and customs unity within the Emirates constituting the UAE in cooperation with the ministry of Finance and industry and the other concerned ministries.
5. Cooperate with concerned ministries in conducting economic and commercial agreements and follow up the activities of the economic organizations, construct international and regional exhibitions and all that can support the trade exchange with other countries.
6. Implement legislations for Israel boycott and taking necessary decisions on this concern.
7. Prepare the economic development researches and studies.
8. Study the needs of the country for development and improvement; propose the objectives and priorities based on the ongoing and future indications after approval of higher authorities.
9. Prepare drafts of the long, medium and short terms plans and propose the necessary policy for implementing them and follow up execution and report that to the competent parties.
10. Propose preparation of the annual budgets for development; follow up expenditure from it in cooperation with Ministry of Finance and other concerned ministries.
11. Carry out the central statistic work.
12. Prepare the necessary economical, social and financial studies for preparing the development plan in cooperation with the competent parties.
13. Present recommendations and the required methods to exploit the financial, material and human resources for executing the development plans and annual programs, and refer such recommendations to the competent authorities.
Any other competencies assigned to it in accordance to the laws and regulations and the resolutions of the cabinet issued in this respect.
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A surge in cross-border mergers and acquisitions boosted global foreign direct investment flows around the world last year to $1.76 trillion, the most since the 2008-2009 financial crisis, the United Nations said in a study.
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The role of foreign direct investment into the continent remains significant: on average the government budgets of African countries currently depend on corporates domiciled in other countries for 14% of their funding.
Africa is now positioning itself as a major business opportunity for investors, according to ICAEW’s latest Economic Insight report.
China’s outbound direct investment (ODI )is expected to surpass $1 trillion for the first time in 2015, as slowing economic growth and rising internationalisation of Chinese business see more local companies investing overseas.
When the PM travels to the US this week to woo businesses there, one of the key facts that the government will be tomtoming about is the surge in foreign direct investment since Narendra Modi took over and how his personal touch has helped.
Foreign direct investment (FDI) in Turkey reached $3.39 billion in July, according to a report from the Ministry of Economy on Sept. 30.
The total volume of foreign investments in the UAE, at present a regional base for over 500 international companies, exceeded $100 billion in the past 10 years, Minister of Economy Sultan bin Saeed Al Mansouri said on Wednesday.
NEW DELHI: India has emerged on top of the foreign direct investment league table, overtaking China and the United States, according to the FT data service.