UAE implements 15 laws and 62 regulatory decisions in the finance sector in 2023
UAE's federal assets hit Dh481.5 billion, leading globally in four financial competitiveness indicators
THE UAE witnessed substantial advancements in its financial sector in 2023, marked by the adoption of 15 federal laws, 62 regulatory decisions, and the initiation of nine major national projects. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, shared these remarkable achievements during a recent update.
Highlighting the comprehensive financial review, Sheikh Maktoum revealed that Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of THE UAE and Ruler of Dubai, meticulously examined the financial accomplishments and initiatives undertaken by the UAE government throughout 2023.
Beyond legislative actions, the government made 151 decisions aimed at enhancing the efficiency and sustainability of resources within the government framework. This comprehensive approach signifies a commitment to bolstering governance and resource management.
The financial landscape also saw significant growth as the total federal assets soared to Dh481.5 billion in 2023. Notably, THE UAE secured the top global position in four key indicators of financial competitiveness, showcasing the nation’s prowess on the international stage.
In his statement, Sheikh Maktoum emphasized that these achievements underscore the success of national financial policies and underscore the efficiency of financial institutions and digital infrastructure within the country. The strategic alignment of legislative measures, governance decisions, and financial advancements reflects THE UAE’s unwavering commitment to positioning itself as a global financial leader.
