ABU DHABI - The Ministry of Economy in the United Arab Emirates (UAE) shall be the competent authority that oversees intellectual property activities and matters, as per a decision adopted by the UAE Council of Ministers in its meeting on March 20, 2006 in Abu-Dhabi.
Accordingly, all jurisdictions and powers assigned to the Ministry of Finance and Industry and Ministry of Information and Culture in the UAE in relation to intellectual property issues shall be transferred to the Ministry of Economy.
According to the Dubai-based Al-Bayan Newspaper, the afore-mentioned decision shall be submitted to President Sheikh Khalifa bin Zayed Al Nahyan to be finally endorsed.