In the regulatory affairs, the Cabinet approved the amendment of the statutes of the Al Etihad Credit Bureau. It also adopted a draft law on the adoption of the unified final account for the fiscal year 2017, and approved an additional financial plan for the general budget of the Union for the fiscal year 2018.
The Cabinet adopted an agreement between the Government of the UAE and the Government of the Russian Federation on the mutual exemption of visa requirements for citizens of the UAE and the citizens of the Russian Federation, thus opening new horizons for mutual tourism, investment and trade.
The Cabinet also adopted an agreement between the Government of the United Arab Emirates and the International Exhibitions Bureau on the privileges and benefits accorded to official participants in Expo2020.
The Cabinet ratified two agreements on air transport services between the Government of the UAE and the Government The Republic of Guinea, and the Government of the Federation of Saint Kitts and Nevis.
The Cabinet endorsed a number of agreements on the mutual protection of investments between the Government of the UAE and the Government of the Republic of Rwanda, the Government of the Republic of Uganda and the Government of the Republic of Colombia. As well as the endorsement of conventions on the avoidance of double taxation and the prevention of financial evasion in respect of taxes on income and capital with the Government of the Kingdom of Saudi Arabia, the Government of the Republic of Rwanda, and the Government of Turkmenistan.
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