Federal government fees in the UAE will not be
increased for a period of three years.A decision to this effect was taken
during a UAE Cabinet meeting and is intended to attract more foreign
investments and promote economic and social stability, as well as support the
industrial and commercial sectors, officials said in a statement.
The Cabinet meeting at the Presidential Palace
was chaired by His Highness Shaikh Mohammad Bin Rashid Al Maktoum,
Vice-President and Prime Minister of the UAE and Ruler of Dubai. It was
attended by Lieutenant-General Shaikh Saif Bin Zayed Al Nahyan, Deputy Prime
Minister and Minister of Interior; and Shaikh Mansour Bin Zayed Al Nahyan,
Deputy Prime Minister and Minister of Presidential Affairs.
Shaikh Mohammad stressed that the UAE, under
the leadership of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan,
places the social and economic stability of citizens and residents at the
forefront of its main priorities.
“We decided not to increase federal fees during
the next three years to consolidate economic and social stability of the state.
This will also support our industrial and commercial sectors and attract more
foreign investments,” said Shaikh Mohammad.
The Cabinet also issued the executive
regulations for Federal Law No. 1 of 2017 on anti-dumping and countervailing
and preventive measures, which complements UAE Vision 2021 for a diverse and
sustainable economy to achieve sustainable development that is less reliant on
oil resources.
Rules for railways
The Cabinet then discussed a draft federal law
on the regulation of railways, which will ensure the safe operation of railways
in the UAE. Upon approval, the law will have a positive impact, offering
different modes of transport in the country and multi-modal transport for both
goods and passengers.
A draft law on updating the UAE system to
regulate auto spare parts was approved, in addition to standard specifications
for the automobile industry.
Visa for cruise crews
The Cabinet also gave the green light to the
introduction of six-month multiple entry visas for the crews of tourism cruises, which
would encourage cruises to conduct more trips in the area and boost the UAE’s
competitiveness in the maritime tourism field.
The Cabinet approved the signing of an
agreement with United Nations Department of Economic and Social Affairs for the
UAE to host the UN World Data Forum in 2018.
A decision was also taken to amend a number of
agreements with countries and international organisations.
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