The Financial Integration Committee held its second assembly of 2026, chaired by H.E. Abdulla bin Touq Al Marri, Minister of Financial system and Tourism, and with the participation of administrators basic of native financial improvement departments from throughout the UAE.
The Committee mentioned mechanisms to boost cooperation and coordination between federal and native entities to strengthen the competitiveness of the UAE’s entrepreneurship atmosphere, whereas additionally bolstering the expansion of the silver economic system within the nation. These efforts contribute to reinforcing the UAE’s place as a number one world vacation spot for enterprise and funding. The Committee additionally reviewed the outcomes and suggestions of its earlier assembly and its efforts to additional develop the nation’s legislative atmosphere in keeping with world finest practices.
H.E. Bin Touq highlighted that the UAE has made important strides in growing a sophisticated financial legislative framework, because of the directives of its clever management. The framework is characterised by an built-in strategy that focuses on empowering the non-public sector, stimulating innovation and entrepreneurship, and strengthening partnerships between federal and native entities. These efforts have contributed to enhancing the expansion of the nationwide economic system.
Through the assembly, H.E. stated: “The Financial Integration Committee has performed a pivotal position in reinforcing the UAE’s standing in world competitiveness indicators by advancing versatile and aggressive insurance policies and laws. The UAE ranked third globally in ease of doing enterprise and future financial development alternatives, and seventh globally in financial power and stability within the International Gentle Energy Index 2026. This displays the robustness of our financial and enterprise atmosphere and its attraction to investments and firms from around the globe.”
H.E. famous the significance of leveraging the outcomes of the World Governments Summit 2026, which contributed to increasing prospects for establishing nationwide firms by world partnerships targeted on funding in fashionable applied sciences, synthetic intelligence (AI) and innovation, which drive sustainable development of the long run economic system. H.E. additionally highlighted the ‘Way forward for the Financial system’ Discussion board, which served as an essential platform to discover world financial development alternatives amid financial and geopolitical shifts taking place on the regional and worldwide ranges. It underscored the significance of financial multilateralism in strengthening funding relations amongst nations.
Enhancing the contribution of SMEs to the nationwide economic system
Intimately, the assembly reviewed nationwide efforts to boost the contribution of entrepreneurship and small and medium enterprises to the nationwide economic system. It explored alternatives for cooperation between related federal and native authorities to supply a supportive legislative atmosphere for the expansion of startups and to assist them broaden into overseas markets. These efforts are key to consolidating the UAE’s place as a number one vacation spot for entrepreneurship and startups on the regional and world ranges.
Formation of an financial laws group comprising native financial improvement departments
The committee authorised the proposal of the Ministry of Financial system and Tourism to kind a everlasting authorized and technical group affiliated with the committee. It will likely be composed of authorized representatives from the Ministry, native financial improvement departments, and related legislative our bodies, with the goal of supporting nationwide efforts to develop a versatile and proactive financial legislative system aligned with world finest practices, by enhancing authorized coordination, unifying work methodologies among the many related entities, and decreasing the time required to harmonize new financial laws and insurance policies.
The brand new Financial Laws Group will contribute to the event of a unified working platform that brings collectively related events and stakeholders to debate laws and alternate views on an ongoing foundation, by periodic conferences and consensus-based drafting. This strategy will assist monitor progress, tackle discrepancies, and attain joint choices, thereby accelerating the issuance of laws by the swift implementation of agreed outcomes and decreasing the general adoption cycle. The Financial Laws Group can even submit its outputs and suggestions periodically to the committee for approval and to comply with up on their implementation.
Supporting the expansion of the silver economic system
The committee reviewed the potential for development of the silver economic system within the nation, which represents one of many future financial paths that preserve tempo with world demographic shifts. It’s going to open up new horizons for funding in promising sectors together with healthcare and wellness, monetary companies and retirement, elderly-friendly housing, accessible tourism, mobility and sensible companies, along with supporting paths that embody jobs and productiveness, funding and financing, and consciousness and empowerment.
The committee affirmed that the concentrate on the silver economic system is in line with the aims of the “12 months of the Household 2026.” It’s an financial and social pillar that enhances the standard of life and helps the constructing of a extra inclusive and sustainable economic system, characterised by built-in companies and stimulating funding and innovation in healthcare options and well being applied sciences and attracting high quality tasks.
Updates on linking ‘Development’ platform with authorities companies and licensing authorities
The assembly additionally assessed newest developments in linking the Nationwide Financial Register “NER” (the ‘Development’ platform) with authorities entities and licensing authorities within the nation, in addition to the progress achieved since its launch. The Nationwide Financial Register contributes to growing a unified nationwide system for firms and industrial licenses within the nation, which boosts the standard and accuracy of knowledge and its alternate between authorities entities with excessive effectivity and reliability.
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