WHAT DINA THINKS: Uniting Policies for Global Success

Hey there EXPATS! A Merry Christmas to those who are celebrating today!

While you are enjoying your festive feasts, let’s dive into the exciting journey of the UAE’s Economic Policy Alignment Project, which kicked off in February 2023. This fantastic initiative, a joint effort between the Ministry of Economy and the Organisation for Economic Cooperation and Development (OECD), recently celebrated its milestone concluding event. 

At this remarkable gathering, Abdullah bin Touq Al Marri, the UAE’s Minister of Economy, highlighted the nation’s dedication to crafting a dynamic and competitive economic legal framework. Thanks to visionary leadership, the UAE has been rolling out innovative laws and policies across various sectors, especially in budding economic areas. 


This aligns perfectly with the ‘We the UAE 2031’ vision, aiming to lead globally in creating forward-thinking laws for new economic sectors within the next decade. Bin Touq Al Marri stressed, “Bringing our economic policies in line with the OECD’s standards strengthens our institutions’ ability to collaborate with international and regional partners. 

This collaboration helps us adapt to global standards, refine economic laws, and create a vibrant and competitive business environment. It’s all about boosting opportunities for entrepreneurs and investors in different economic sectors.” What I think is that this alignment isn’t just a step forward—it’s a HUGE leap! It cements the UAE’s position as a forward-looking economic hub.

By teaming up with the OECD and other global players, the UAE is paving the way for an economic framework that’s not just adaptable but thriving. It’s about nurturing an ecosystem where innovation thrives and where anyone with a spark of entrepreneurial spirit finds ample support. 

What do you think?

Comments

Post a Comment

Popular posts from this blog

WHAT DINA THINKS: UAE In G20 Summit in India

Image
The G20 summit has taken place in New Delhi, the capital of India (for now...it may soon be called "Bharat!) today. In the summit, the leaders of the 19 participating countries, plus the European Union countries.... so that's 46 countries in total.  Anyway, this summit, founded in 1999, focuses on  addressing major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.  According to their website, it also plays a vital role in  shaping and strengthening global architecture and governance on all major international economic issues.   According to the state news agency WAM, the UAE's involvement in the G20 process for the fourth consecutive year demonstrates the nation's dedication to enhancing international cooperation and collaborative efforts. This commitment reflects the UAE's ongoing pursuit of sustainable development and shared prosperity on a global scale.  As an expat in the UAE
Read more

Three Years of Abraham Accords

Image
The signing of the Abraham Accords, which took place in the Middle East three years ago, was a historic occasion that resonated beyond ideologies and national boundaries in an area that is typically marked by lingering hostilities from the past. This historic agreement is a testimony to the eternal ideas of tolerance, discussion, and peace and establishes a previously unheard-of partnership between Israel and the United Arab Emirates (UAE). Within the UAE, the Accords have catalyzed a remarkable era of diplomacy and collaboration. The ethos of tolerance and acceptance has thrived, as Emiratis have warmly embraced their Israeli counterparts. It is a profound testament to the potential of dialogue and mutual comprehension in crafting sustainable peace. At the heart of this burgeoning partnership lies the Economic Partnership Agreement, igniting a surge of innovation and commerce between these two nations. Joint ventures, investments, and collaborative ventures have burgeoned, resulting i
Read more

Dr. Sultan Al Jaber Unites Financial Forces for Global Climate Resilience

Image
In a series of influential discussions on climate finance, Dr. Sultan Al Jaber, the designated president of COP28, emphasized pivotal aspects crucial for global climate action. His remarks within these discussions underscored the urgency and necessity for collective commitment and transformative initiatives. Dr. Al Jaber lauded initiatives like the Climate Finance Mobilisation Forum, recognizing them as pivotal avenues for progress. He highlighted the significance of the funding commitments announced by influential private sector entities and philanthropists, deeming them precisely aligned with the crucial steps required ahead of COP28. Acknowledging the vital role of leadership from the US and UK, Dr. Al Jaber stressed their crucial role in meeting climate finance pledges and further mobilizing substantial capital. While recognizing the assurance regarding the $100 billion annual climate finance pledge made in 2009, he emphasized the necessity to escalate efforts, underlining the need
Read more