Shaikh Mohammad Bin Rashid, Shaikh Saif, Shaikh Mansour, Shaikh Hamdan Bin Rashid Al Maktoum, Shaikh Nahyan Bin Mubarak Al Nahyan, Mohammed Al Gergawi and Sultan Bin Saeed Al Mansouri at the cabinet meeting. Image Credit: WAM

Dubai: Federal government fees in the UAE will not be increased for a period of three years, it was announced on Wednesday.

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 on Wednesday.

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 a six-month multiple entry visa 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.