New law leads to establishment of the Dubai Economic Security Centre

An economic security centre has been set-up in Dubai, to help the Emirate maintain its position as a global financial hub. It’s after His Highness, Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai, issued a law to ensure best international practices in the Emirate’s financial markets. It aims to protect investors from risks, combat illegal and harmful activities, and predict and manage risks and negative economic trends. The Dubai Economic Security Centre is tasked with proposing and reviewing financial legislation, as well as producing reports and statistics on the economy.