H.H. Sheikh Mohammed issues public-interest entity decree

WAM

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a decree subjecting public-interest entities to the regulatory supervision and control of Dubai’s Community Development Authority.

According to the Decree, the Director General of the Community Development Authority (CDA) will issue a decision about the scope of the Authority’s regulatory oversight of the entities, which includes sources of the entity’s funding and income and the nature of their expenditure.

Public-interest entities will required to maintain up-to-date financial and administrative records so that the Authority can review them when needed. The entity should adhere to transparency standards and appoint an external auditor to audit its finances.

Public-interest entities should adhere to the provisions of the Decree and cooperate with the CDA to enable it to perform its regulatory functions.

If any entity fails to adhere to the provisions, the Director General of the CDA is authorised to take action which may include disciplinary procedures as per the Law Regulating Civil Society Organisations in Dubai. The Authority can also issue recommendations to relevant authorities to dissolve the entity.

According to the Decree, all government entities must cooperate with the Community Development Authority in Dubai and provide the information and documents necessary for the Authority to perform its duties, as per the Law Regulating Civil Society Organisations in Dubai, and the new Decree and decisions issued upon it.

More from Business

  • UAE, Ukraine Presidents witness CEPA signing

    President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Volodymyr Zelenskyy, President of Ukraine, on Monday attended the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries.

  • New AED 25 hour event parking tariffs begin in Dubai

    Vehicle parking at major events in Dubai will be charged at AED 25 an hour coming into effect on Monday, parking company Parkin confirmed.

  • Abu Dhabi issues new endowment company rules

    Abu Dhabi Department of Economic Development (ADDED), in collaboration with The Endowments and Minors’ Funds Management Authority (Awqaf Abu Dhabi), has issued a resolution on the establishment and licensing of endowment institutions in Abu Dhabi.

  • IDC 2025 discusses global disruptions, defence preparedness

    The International Defence Conference 2025 commenced on Sunday at Emirates Palace in Abu Dhabi, bringing together defence and security leaders, experts, and companies from around the world to discuss key challenges and opportunities in the sector.

  • Dubai Energy Council reviews carbon emissions progress

    Ahmed bin Saeed chaired the Dubai Supreme Council of Energy meeting on Sunday, which reviewed progress in carbon emission reduction technologies in alignment with the UAE’s Net Zero 2050 Strategy and the Dubai Carbon Abatement Strategy 2030.