Latest news with #OmarAlSuwaidi
Zawya
6 days ago
- Business
- Zawya
SLC convenes annual Legislative Oversight Forum 2025
The General Secretariat of the Supreme Legislation Committee in the Emirate of Dubai (SLC) held its Legislative Oversight Annual Forum for the year 2025 (Legislative Oversight Forum), under the theme 'Together for Enhanced Legislative Compliance'. The event was held in the presence of H.E. Ahmad Saeed bin Meshar Al Muhairi, SLC Secretary-General, and H.E. Mohammed Juma Al Suwaidi, SLC Assistant Secretary-General. SLC legal experts and strategic partners actively participated in the event. The Legislative Oversight Forum was inaugurated by H.E. Al Muhairi, who delivered the opening address outlining key aspects of the legislative landscape and the audit ecosystem, while emphasising the importance of fostering a culture of legislative compliance. The Legislative Oversight Forum featured a presentation titled 'Insights into Legislative Oversight', delivered by Mr. Omar Al Suwaidi, Director of the SLC Legislative Audit Directorate. The presentation highlighted the SLC's role in promoting legislative compliance among government entities, in accordance with Law No. (14) of 2024 Concerning the Supreme Legislation Committee in the Emirate of Dubai, and Resolution No. (3) of 2024 Approving the Terms of Reference of the Supreme Legislation Committee in the Emirate of Dubai. The presentation also explored the SLC's core functions, the concept and procedures of legislative compliance, annual legislative audit statistics for 2024, and the legislative compliance rate as a government performance excellence indicator. The presentation further outlined the responsibilities of government entities, while emphasising the importance of proper implementation of legislation in upholding governance and transparency. The Legislative Oversight Forum also featured a session titled 'Legislative Compliance Dialogue', with Ms. Wadha Al Ghafli, Director of Strategy and Excellence at the Dubai Government Human Resources Department, as guest speaker. The session was hosted by Mrs. Marwah Mohammed Ibrahim, Head of the Audit Section at the SLC Legislative Audit Directorate. The Legislative Oversight Forum is part of the SLC's ongoing commitment to fostering a culture of legislative compliance at both institutional and societal levels. The forum showcased exemplary compliance models from diverse sectors, including entities that achieved the highest compliance rates, embodying the highest standards for legislative compliance across government operations. The event also served as a prominent platform for strengthening collaboration and coordination among government entities, facilitating dialogue on tools and mechanisms required for enhancing legislative compliance — an essential factor in consolidating the rule of law, improving government efficiency, and promoting the principles of effectiveness and transparency within the Dubai government sector. In his address, H.E. Al Muhairi explained that legislative compliance is a cornerstone of government excellence, serving as a key indicator of progress and a catalyst for enhancing the performance of public sector operations. H.E. Al Muhairi underscored the need for unified efforts and seamless coordination among all government entities to ensure the optimal implementation of legislative frameworks. This contributes to consolidating the rule of law and strengthening Dubai's position at the forefront of legislative compliance regionally and internationally. H.E. Al Muhairi added: 'Legislative oversight is gaining increasing importance in light of the rapid pace of economic and technological transformation, and the growing adoption of advanced technologies such as artificial intelligence (AI), amid rising public expectations for higher levels of efficiency. In this context, the Supreme Legislation Committee in the Emirate of Dubai remains committed to raising awareness about the importance of aligning institutional work systems within government entities with legislative compliance frameworks, and to adopting well-defined policies and procedures that ensure attainment of the highest standards of legislative compliance.' The Legislative Oversight Forum also featured the 'Legislative Compliance Award', recognising Dubai Electricity and Water Authority (DEWA), Dubai Health Authority (DHA), Roads and Transport Authority (RTA), Mohammed Bin Rashid Housing Establishment, Financial Audit Authority, Dubai Corporation for Ambulance Services (DCAS), Islamic Affairs and Charitable Activities Department (IACAD), and the Judicial Council as exemplary models of legislative compliance. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Mid East Info
24-05-2025
- Business
- Mid East Info
Modon Holding, Emaar Properties, Calidus Group and Silal Food & Technology Join the National ICV Program - Middle East Business News and Information
As part of the efforts to expand the National In-Country Value (ICV) program, a signing of four memoranda of understanding (MoUs) took place between the Ministry of Industry and Advanced Technology (MoIAT) and Modon Holding, Emaar Properties, Silal Food & Technology and Calidus Group. The agreements mark the official entry of the four entities into MoIAT's National ICV Program to benefit from the key enablers and advantages that support growth and competitiveness. The signings took place on the second day of Make it in the Emirates 2025, the UAE's comprehensive economic program hosted by MoIAT, organized by Abu Dhabi National Exhibitions Company Group, and held alongside strategic partners the Ministry of Culture, ADNOC Group, and ADIO. Held under the theme 'Advanced Industries. Accelerated', the event brings together local and international manufacturers, investors, and innovators and runs until May 22 at Abu Dhabi National Exhibition Centre. The agreements aim to strengthen cooperation between MoIAT and the four companies in line with the goals of the National ICV Program. The program is a key component of the UAE's Projects of the 50 and supports the objectives of the National Strategy for Industry and Advanced Technology, which aims to achieve significant economic benefits by redirecting procurement spending by government entities and leading national companies back into the economy. The MoUs were signed by His Excellency Omar Al Suwaidi, Undersecretary of MoIAT; H.E Abdulla Al Sahi, Group Managing Director of Modon Holding, Mr. Ahmad Al Matrooshi, Executive Director of Emaar Properties; Salmeen Al Ameri, Chief Executive Officer of Silal Food & Technology, and Dr. Khalifa Murad Alblooshi, Chief Executive Officer of Calidus Group, witnessed by H.E. Tareq Al Hosani, Chairman of Calidus Group. Modon Holding is an international holding company with business sectors including real estate, hospitality, asset management, investments, events, and tourism. While Emaar Properties is a leading real estate developer, both locally and internationally, and Silal Food & Technology aims to diversify food sources and drive agri-food activity. Calidus Group, recognised as a pioneer in providing advanced land and air defence systems, manufactures military vehicles, aircraft, and state-of-the-art military technologies. This partnership builds on the momentum of the National ICV Program in industrial sector, which has generated AED 347 billion in cumulative local expenditure by the end of 2024, supporting industrial self-sufficiency, job creation, and local economic value. These efforts promote industrial self-sufficiency in vital and priority products, create job opportunities, enhance national economic value, and empower Emirati entrepreneurs under the Make it in the Emirates platform. The fourth edition of Make it in the Emirates is drawing strong local and international participation, including prominent decision-makers from both government and private sector entities, entrepreneurs, investors, industrialists, experts, innovators, and financial institutions, along with the participation of more than 720 industrial companies showcasing their innovative products.
Hi Dubai
23-05-2025
- Business
- Hi Dubai
MoIAT Expands National ICV Programme with Four New Strategic Partners
The Ministry of Industry and Advanced Technology (MoIAT) has signed four new memoranda of understanding (MoUs) with Modon Holding, Emaar Properties, Silal Food & Technology, and Calidus Group, marking a major expansion of the UAE's National In-Country Value (ICV) Programme. The agreements were formalised on the second day of the Make it in the Emirates 2025 forum, held in Abu Dhabi. Organised by MoIAT in collaboration with strategic partners including ADNOC Group and Abu Dhabi Investment Office, the event serves as a key platform to promote local industrial growth under the theme 'Advanced Industries. Accelerated.' By joining the National ICV Programme, the four entities gain access to a range of incentives aimed at enhancing competitiveness and fostering sustainable economic development. The programme redirects procurement spending by government and national companies into the local economy, supporting the UAE's broader vision under the Projects of the 50 and the National Strategy for Industry and Advanced Technology. The MoUs were signed by senior representatives from each organisation, including Omar Al Suwaidi, Undersecretary of MoIAT. The signings were witnessed by Calidus Group Chairman Tareq Al Hosani. The new partners represent diverse sectors: Modon Holding spans real estate and investments, Emaar is a global real estate leader, Silal advances agri-food technology, and Calidus specialises in cutting-edge defence manufacturing. The National ICV Programme has already driven AED 347 billion in local expenditure by the end of 2024, contributing to industrial self-sufficiency, job creation, and increased national economic value. This latest step further strengthens the UAE's push to localise supply chains, empower Emirati talent, and build a globally competitive industrial base. News Source: Emirates News Agency
Al Etihad
22-05-2025
- Business
- Al Etihad
FAB supports UAE industry with Dh10 billion total commitment in partnership with MoIAT
22 May 2025 18:00 ABU DHABI (WAM) First Abu Dhabi Bank (FAB), the UAE's global bank, announced the renewal of its strategic partnership with the Ministry of Industry and Advanced Technology (MoIAT), signing a Memorandum of Understanding (MoU) that reinforces FAB's pivotal role in advancing the UAE's industrial agreement formalised this week on the sidelines of the Make it in the Emirates Forum, which wraps up on Thursday at Abu Dhabi National Exhibition Centre, brings FAB's total commitment to industrial sector financing to Dh10 billion since June renewed MoU follows the early fulfilment of FAB's initial Dh5 billion financing pledge under the 2023 agreement. Building on this momentum, FAB will now extend an additional Dh5 billion in competitive, flexible financing solutions to empower industrial enterprises at every stage of growth, from new startups and SMEs to larger industrial manufacturers, placing a strong emphasis on innovation, sustainability, and the adoption of advanced MoU was signed by the Undersecretary of MoIAT, Omar Al Suwaidi, and the CEO of First Abu Dhabi Islamic Finance, Fahad Al Shaer, along with representatives from Emirates NBD Group, Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank Group, and Wio milestone reflects FAB's commitment to enabling the National Strategy for Industry and Advanced Technology and supporting the objectives of the Made in the UAE initiative. The bank's expanded pledge is designed to help attract further significant investment into the industrial sector and foster the development of a robust, future-ready industrial ecosystem. The new pledge also supports the joint promotion of industrial investments in the Undersecretary, Industrial Accelerator Sector, Ministry of Industry and Advanced Technology (MoIAT), Osama Amir Fadhel, said, 'MoIAT and its strategic partners remain committed to driving the growth and competitiveness of the industrial sector and enhancing its investment appeal. This is achieved through the enablers, incentives, and opportunities provided to support the business environment, as evidenced by strong growth indicators, including the sector's contribution to GDP reaching Dh210 billion by the end of added, 'The financial enablers are the key pillars of this growth. The new agreements with financial institutions come as part of MoIAT's commitment to strengthening the financial empowerment of the industrial sector and offering innovative financing solutions to promote industrial entrepreneurship. These partnerships with national financial institutions mark a significant milestone in SMEs, enhancing their capacity to expand, adopt advanced technology, and actively contribute to achieving the goals of the National Strategy for Industry and Advanced Technology.''The First Abu Dhabi Bank is one of the leading financial institutions supporting the business environment and empowering industrial companies, especially through collaboration with various MoIAT initiatives, including the Make it in the Emirates platform, by providing innovative financing solutions that drive sustainable industrial growth. This demonstrates the synergy between the government and financial sectors, helping accelerate progress and diversify the national economy,' Fadhel Head of Personal, Wealth, Business Banking and Privileged Client Group at First Abu Dhabi Bank (FAB), Futoon Hamdan AlMazrouei, said, 'This expanded commitment reflects FAB's long-standing dedication to supporting the UAE's economic agenda and ambitious industrial vision. We've seen tremendous demand from entrepreneurs to established manufacturers, and the early delivery of our initial pledge highlights both the vitality of the sector and the strength of our partnership with MoIAT. We remain committed to delivering smart, accessible, and sustainable financing that enables businesses to scale, innovate, and contribute meaningfully to the UAE's industrial future. Supporting the vision of Made in the UAE, we are proud to help unlock real economic progress and opportunity at every level of enterprise.'FAB's financing framework encompasses structured lending, capital investment, business expansion support, and green financing, with dedicated solutions tailored to SMEs and high-growth industrial ventures. In addition to funding, FAB will continue to work closely with MoIAT to share financial expertise, foster innovation, and support knowledge-sharing initiatives that enhance industrial renewed partnership forms a key pillar of FAB's wider mission to drive national development by mobilising financial solutions that create lasting value for businesses, communities, and the broader economy. Driven by a visionary government agenda and strong public-private collaboration, the UAE's industrial sector is still on track to double its contribution to GDP within the next decade. As the UAE's largest bank and a trusted partner to national progress, FAB remains at the forefront of powering the country's industrial growth and economic diversification.
Hi Dubai
21-05-2025
- Business
- Hi Dubai
MoIAT Signs AED40 Billion Financing Agreements to Boost Industrial Growth
The UAE has taken a major step in advancing its industrial sector, with the Ministry of Industry and Advanced Technology (MoIAT) signing five Memoranda of Understanding (MoUs) with leading national banks to unlock over AED40 billion in financing solutions. The agreements, witnessed by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, aim to fuel industrial expansion, support SMEs, and drive the adoption of advanced technologies in line with the UAE's sustainable development goals. Partner banks include First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and WIO Bank. Each has pledged competitive, tailored financing to help businesses scale, innovate, and contribute to the country's strategic 'Make it in the Emirates' initiative. Omar Al Suwaidi, Under-Secretary of MoIAT, emphasized the importance of these partnerships in building a resilient, innovation-led industrial ecosystem. 'These innovative financing solutions are designed to enable sustainable industrial growth, aligned with the UAE's vision of a diversified, knowledge-based economy,' he said. Executives from all five banks echoed strong support for the initiative. FAB pledged AED5 billion in renewed funding, while WIO Bank committed up to AED1 billion in working capital support. Others highlighted the alignment of the initiative with national priorities, ethical financing, and long-term economic competitiveness. The agreements reflect growing synergy between the public and private sectors, positioning the UAE as a regional leader in advanced manufacturing and industrial innovation. News Source: Emirates News Agency
