The United Arab Emirates, represented by the Ministry of Financial system and Tourism, participated within the sixth Arab Competitors Discussion board held in Baghdad, Iraq, below the theme ‘Competitors Legislation Enforcement within the Arab Area.’ The delegation engaged in high-level discussions aimed toward strengthening collaboration with Arab competitors authorities, with a selected concentrate on latest market developments – particularly in mergers and acquisitions (M&As), cross-border anti-competitive practices, and regulatory frameworks.
The discussion board served as a major platform to discover the pivotal position of competitors coverage in fostering innovation and attracting overseas investments. It underscored the significance of creating establishments for competitors and strengthening investigative capacities consistent with international greatest practices. By a sequence of participating discussions, contributors explored key matters such because the enforcement of competitors regulation, the transformative impression of know-how on markets, and methods for bettering coordination amongst Arab competitors authorities. Moreover, the occasion highlighted profitable experiences and greatest practices from member states.
In his keynote deal with on the discussion board, Mohammed Sultan Janahi, Director of the Competitors Division on the UAE Ministry of Financial system and Tourism, highlighted the UAE’s pioneering efforts in establishing a sturdy legislative framework to safeguard competitors. “By aligning with international greatest practices, this framework fosters honest enterprise practices, drives sector-wide productiveness, and reinforces the UAE’s place as a extremely aggressive and enticing vacation spot for each regional and worldwide traders,” he added.
The Federal Decree-Legislation No. (36) of 2023 on Competitors Regulation marks a transformative development within the UAE’s competitors safety framework. This landmark laws considerably strengthens the authorized system’s autonomy whereas broadening its jurisdictional attain to embody all actions affecting UAE markets – together with cross-border operations and digital marketplaces.
The brand new regulation reaffirms the UAE’s dedication to aligning with international greatest practices by limiting exemptions solely to totally government-owned entities that play an important position within the nationwide economic system. To make sure efficient implementation, the Ministry of Financial system and Tourism, in partnership with key authorities stakeholders, will conduct a nationwide sequence of workshops in 2025, participating judicial authorities, native financial departments, authorized specialists, and personal sector representatives. These initiatives goal to deepen understanding of the brand new laws and its compliance necessities, immediately supporting the “We the UAE 2031” imaginative and prescient.
On this regard, Cupboard Choice No. (3) of 2025 regarding the thresholds for notification of financial focus operations reinforces the position of the Ministry of Financial system and Tourism in monitoring and supervising financial focus actions of institutions within the nation, making certain compliance with honest competitors guidelines. That is achieved by specifying the thresholds and controls associated to dominant positions and the compulsory notification of financial focus operations applied below the Competitors Regulation Legislation. These measures are designed to strengthen honest competitors, guarantee market stability, deter monopolistic practices, and promote market entry for brand spanking new entrants – a vital step provided that the UAE is residence to over 1.1 million corporations and financial establishments.
The Cupboard’s choice establishes clear notification thresholds based mostly on two key monetary standards: when the mixed annual native gross sales of the events within the related market exceed AED 300 million within the previous fiscal yr, or when their combination market share surpasses 40 per cent of complete transactions in that market. To make sure thorough analysis, the evaluate interval for such transactions has been prolonged to 90 days, permitting for complete technical and financial evaluation.
The UAE will host the 7th Arab Competitors Discussion board in 2026, which is likely one of the most necessary regional platforms devoted to enhancing Arab and worldwide cooperation within the discipline of competitors safety and anti-monopoly efforts. This discussion board helps the aims of the ‘The UAE Constitution of Financial Ideas,’ which goals to construct a aggressive nationwide economic system that gives a thriving enterprise surroundings full of alternatives and potentialities.
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