The Cabinet,
- Having reviewed the Constitution; and
- Federal Law No. 1 of 1972, Concerning the Competences of Ministries and the Capacities of Ministers, and its amendments thereof; and
- Federal Decree-Law No. 26 of 2019, Concerning Public Finance; and
- Federal Decree-Law No. 27 of 2021, Concerning the Establishment and Organization of the Emirati Talent Competitiveness Council; and
- Based on the proposal submitted by His Highness Chairman of the Emirati Talent Competitiveness Council, and the Cabinet’s approval,
Hereby resolved:
In application of the provisions herein, the following words and expressions shall have the meanings ascribed thereto, unless the context requires otherwise:
State: United Arab Emirates.
Council: Emirati Talent Competitiveness Council.
Board of Directors: Council’s Board of Directors.
Chairman: Chairman of the Board of Directors.
Ministry: Ministry of Human Resources and Emiratization.
Fund: NAFIS Fund.
Fund Budget: A detailed statement on the revenues, earnings, and expenditures expected during a specific financial year for the Fund.
Fund Resources: ...