UAE Achieves Financial Milestones with 15 Laws, 62 Decisions, and Robust Asset Growth in 2023

UAE, 04 March, 2024 : In 2023, the UAE made significant strides in its finance sector by enacting 15 federal laws, issuing 62 regulatory decisions, and initiating nine major national projects. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, shared these achievements following a comprehensive review conducted by Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister. Additionally, the government implemented 151 decisions aimed at enhancing the efficiency and sustainability of its resources.

During the same period, the total federal assets of the UAE surged to Dh481.5 billion. Moreover, the nation secured the top rank globally in four key indicators of financial competitiveness. Sheikh Maktoum attributed these remarkable accomplishments to the effectiveness of national financial policies and the robustness of financial institutions and digital infrastructure across the country. These achievements underscore the UAE's commitment to fostering a dynamic and competitive financial landscape.

Source : www.khaleejtimes.com