He discussed a number of initiatives and policies to develop the government work system
Under the chairmanship of Mansour bin Zayed, the "Ministry of Development" holds its meeting at "Expo 2020 Dubai"
His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, affirmed that the UAE, within the vision of its leadership, places at the top of its priorities the development of policies and initiatives to provide the best services to its people and to implement projects in various promising sectors that bring benefit to the country, the citizen and the resident on its land.
This came during His Highness presiding over the meeting of the Ministerial Council for Development, which was held at the Expo 2020 Dubai, during which a number of initiatives and topics aimed at supporting the government work system and continuing to develop it were discussed to meet the requirements of the future stage.
The meeting’s agenda included discussing the issuance of a unified policy on the establishment of special funds in the federal government, with the aim of determining the general provisions that apply to all federal entities establishing the funds in terms of the foundations of their governance and objectives, and determining the financial and accounting policies and all provisions required for the establishment and management of private funds.
This step aims to provide a detailed reference guide for federal authorities to use when applying for the establishment of special funds, clarify compliance policies and procedures, and ensure the achievement of principles of justice and transparency and the application of international best practices at all stages of the evaluation process for establishing private funds.
On the other hand, the Council discussed the conditions for companies operating in the non-financial free zones to carry out their activities inside the country and outside the non-financial free zone, in a way that supports the facilitation of these companies’ practice of their business and enhances their competitiveness, which will reflect positively on the increase in companies’ transactions, the quality of their products and their economic and financial indicators within the country, and in the same framework The council also discussed allowing brokerage firms established in the Dubai Multi Commodities Market and employees of the Dubai Gold and Commodities Exchange as licensed commodity brokers to carry out trading operations via the derivative contracts platform in the Dubai Financial Market, in the context of supporting the increase in daily trading rates in the financial markets and supporting the national economy.
The meeting also reviewed a study submitted by the Ministry of Health and Prevention on the unification of a package of mandatory specialized health care services for women before, during and after childbirth at the state level, which aims to raise the health and knowledge level of women and children, which positively affects the health and safety of the family and society, and raises the competitiveness of the UAE in the field of Healthcare.
In government affairs, the council discussed and reviewed a number of initiatives and decisions to regulate government work, including discussing an amendment to the policy of labeling nutritional values for products aimed at enhancing the flexibility and smooth trade exchange of goods and food products in a manner that ensures the sustainability of the food industry sector in various circumstances, so that the application is optional.
The Council also reviewed the study submitted by the Ministry of Energy and Infrastructure to activate the ministry’s role as a regulator of the electricity and water sectors in the country, with the aim of regulating electrical and water connection operations between the emirates of the country and across borders, ensuring fair access to electricity networks between local authorities in the country and regulating electricity trade and water exchange between the emirates of the country and across The borders and provision of a suitable environment for the establishment of a market for electricity and water in the country and the optimal utilization of the surplus production capacity of electricity and water with the authorities and companies in the country.
Regarding the government reports and the performance of the entities, the Council reviewed during its session a number of reports that included reviewing the performance of the Emirates Investment Authority and the financial performance report for the implementation of the general budget of the Federation for the first half of 2021, in addition to reviewing the report of the Audit Bureau on the final accounts of the Federal Tax Authority and the General Pensions and Insurance Authority Social and Emirates Real Estate Corporation for the fiscal year ending on 31/12/2020.
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