The governments of both Dubai and the United Arab Emirates are to implement urgent reforms to address weaknesses in their financial systems, Sheikh Ahmed bin Saeed Al-Maktoum says.
Dubai's "Supreme Fiscal Committee... is establishing a comprehensive program to address vulnerabilities in our financial system," Sheikh Ahmed, who chairs the committee and is head of the Emirates Group, said on Sunday.
"At a federal level, urgent steps are being taken to address the gaps in the UAE's legal and regulatory infrastructure," he said at the opening in Dubai of the two-day MENASA economic form.
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