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UAE Enacts 15 Laws, 62 Regulatory Decisions in Finance Sector in 2023

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Staff Writer, TLR

Published on March 4, 2024, 12:46:32

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2023 UAE enacted new federal laws implemented regulatory

In 2023, the UAE enacted 15 new federal laws and implemented 62 regulatory decisions within the finance sector.

Nine major national projects were also undertaken during this period. His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, disclosed these developments in a statement on Sunday, underscoring the review conducted by Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, regarding the financial accomplishments and initiatives of the UAE government for the same year.

It was also revealed that the government executed 151 decisions aimed at bolstering resource efficiency and sustainability within the government.
Notably, the total federal assets soared to Dh481.5 billion in 2023, positioning the UAE as the global leader in four key indicators of financial competitiveness.

His Highness Sheikh Maktoum emphasised in his statement that these achievements reflect the efficacy of national financial policies as well as the robustness of financial institutions and digital infrastructure within the country.

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