Today: 16 October 2025
26 January 2023
2 mins read

UAE steps up work on digital economy strategy

Al Olama said that the UAE understands the significance of attracting talent and building a conducive technological environment to promote an advanced economy..reports Asian Lite News

Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, has highlighted the UAE government’s commitment to implementing the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, in consolidating the country’s status as a global hub for the digital economy and a platform for digital innovation to boost the national economy.

This was discussed during the first meeting of the UAE Digital Economy Council, which was chaired by Al Olama, and included members of the council such as Younis Haji Al Khoori, Under-Secretary of Ministry of Finance; Abdullah Al Saleh, Under-Secretary of the Foreign Trade and Industry at the Ministry of Economy; Majed Sultan Al Mesmar, Director-General of the Telecommunications and Digital Government Regulatory Authority (TDRA); etc.

Al Olama said that the UAE understands the significance of attracting talent and building a conducive technological environment to promote an advanced economy.

He emphasised that this entails empowering national talents to excel in technological areas and augmenting the digital economy’s contribution to non-oil GDP, adding that “These objectives are in line with the UAE’s digital economy strategy.”

During the meeting, the council approved the formation of seven sub-committees led by members of the council, to cover all goals of the UAE digital economy strategy in areas such as technological infrastructure and blockchain, e-commerce, financial technologies, investment in the digital economy sector, attracting skills and supporting startups.

Additionally, a committee was formed to specialise in digital economy statistics and prepare an annual report to measure the performance and indicators of the digital economy in the UAE and ensure sustainable progress in the digital economy.

The Ministry of Economy presented the digital trade law, the new national economic record system, and the commercial law, while the Federal Competitiveness and Statistics Centre team presented the methodology used to measure the digital economy performance in the UAE and its contribution to the GDP, which is a main objective of the UAE digital economy strategy.

The council also discussed strategic performance indicators for the digital economy and ways to enhance the UAE’s global position in developing the future digital economy model.

ALSO READ: Heavy rains lash UAE, schools closed

Previous Story

‘UAE Innovates’ to celebrate innovation & talent across country

Next Story

‘Corruption drains faith in democracy’

Latest from -Top News

India wins unopposed seat on UNHRC

India last served on the HRC in 2024, completing a second consecutive term….reports Asian Lite News India has been elected unopposed to the UN Human Rights Council (HRC) for the seventh time,

Relief Rolls In, Restrictions Remain in Gaza

Israeli official noted an Israeli statement saying it would limit the number of aid truckloads entering the Gaza Strip to 300 daily…reports Asian Lite News Relief operations in Gaza have intensified since

‘A Day to Rejoice’

In its statement, British Friends of Israel saluted the courage and resilience of the hostages and expressed deep sorrow for those who did not survive captivity After 737 days of anguish, the

UK to Lead Gaza Rebuild

PM announces an additional £20 million aid package aimed at providing essential water, sanitation and hygiene services to tens of thousands of people Prime Minister Keir Starmer attended the signing ceremony of

UK to host summit on Gaza recovery plan

The three-day conference, beginning Monday afternoon, will take place at Wilton Park, the Foreign Office’s policy forum based in West Sussex The UK will host an international summit on the recovery and
Go toTop

Don't Miss

Sheikh Abdullah Discusses Gaza With UK, Israeli Counterparts

Sheikh Abdullah discussed with the Foreign Ministers of Britain and

Sharjah Ruler inspects Mleiha wheat farm

Sheikh Sultan praised the work done in a short period,