Chaired by Mohammed bin Rashid, the last UAE cabinet meeting at Expo 2020 adopts a new law for cooperative association and approves the practice of crowdfunding activity

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting, which was held at Expo 2020 Dubai, and attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance; H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; and H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

The meeting approved a number of initiatives and legislations aiming at further developing UAE government work.

His Highness Sheikh Mohammed bin Rashid said: “Today, I chaired the last Cabinet meeting at Expo Dubai 2020. Over the past 6 months, the cabinet meetings were held at the largest cultural exhibition in the world, reflecting our vision to support this international event, locally and globally.”

His Highness added: “We approved today a new law for cooperative associations in the UAE allowing them to be listed in our financial markets, attract strategic partners and introduces new forms such as digital and financial coops… Cooperatives are a successful economic model that can be built upon and developed.”

His Highness Sheikh Mohammed also said: “We approved the Crowdfunding Platform Operators strategy in public and private sectors.. It is one of the best means to support the financing of new innovative commercial ideas and support entrepreneurs by financing their ideas.”

His Highness Sheikh Mohammed added: “We also approved the new strategy of the UAE Gender Balance Council to enhance the presence of women in leadership positions, and a new system for work related injuries..Our aim to is to preserve the rights of workers and protect them”.

His highness added: “Today, I reviewed the experience of community agriculture, where the Ministry of Community Development provides the requirements of green homes for people of determination and senior citizens.. We aim to support them, provide them a healthy lifestyle and social benefits.”

Source: Emirates News Agency