Dubai - The UAE knows no other way of development other than to continuously better itself.
Published: Sun 27 Sep 2020, 3:00 PM
Updated: Tue 29 Sep 2020, 8:50 AM
The UAE has topped 121 indicators globally and 479 regionally in 2020, even as the world fights the Covid-19 pandemic.
The Emirates also features among the top 10 countries in 314 indicators, according to a report presented to the Cabinet by the Federal Competitiveness and Statistics Authority.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, reviewed the country's performance in global performance indicators while chairing the Cabinet meeting that was held at Qasr Al Watan in Abu Dhabi.
"2020 has been an exceptional year for the UAE: The year of Mars, nuclear power, peace and global competitiveness. In crises, we double achievements," tweeted Sheikh Mohammed.
He was referring to the launch of the Hope probe to Mars - the Arab world's first interplanetary mission - and the successful operation of the first peaceful nuclear energy reactor in the Arab world at the Barakah Nuclear Energy Stations in Abu Dhabi.
"This is our message to all people living inside or outside the country: The UAE knows no other way of development other than to continuously better itself. Taking a back seat is not an option," the Vice-President said.
He credited the UAE's high ranking to the development strategies adopted by the country to further advance government performance and enhance the quality of life for citizens and residents.
The Cabinet meeting was attended by Lt-General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior; and Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
The meeting reviewed a detailed report on the performance of the UAE in the most important global competitiveness indicators. Following the recent ministerial formation, the Cabinet has approved four new organisational structures for the Ministry of Economy, Ministry of Culture and Youth, Ministry of Industry and Advanced Technology, and the Ministry of Energy and Infrastructure.
The Cabinet also approved a Federal Decree-Law on private education, with the aim of organising the educational process in private schools, raising the quality of education, and stimulating competition between private schools. The law also regulates the licencing of private schools, approval of educational curricula, and the safety of students.
The Cabinet also approved Federal Decree-Laws on the amendment of the penal code (Criminal Law), the Commercial Transactions Law, the Securities and Commodities Law, the Insurance Law, and the Organisation of the Telecommunications Sector Law.
Furthermore, the Cabinet approved the executive regulations of the Federal Law concerning the practice of the medical profession.
At the international level, the Cabinet approved agreements between the government of the UAE and a number of friendly countries to prevent double taxation, including the Republic of Chile, the Arab Republic of Egypt and the Republic of Zambia, in addition to an agreement with the Republic of Zambia on the encouragement and mutual protection of investments.
During the meeting, the Cabinet reviewed a number of government reports on various sectors, including one on the financial statements of Emirates Development Bank and another one on the external auditor for the fiscal year 2019, in addition to a report on the performance of the insurance sector in the country.
reporters@khaleejtimes.com
A Staff Reporter
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