We, Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, Having reviewed:
− The Constitution;
− Federal Law No. 1 of 1972 on the Competences of Ministries and the Powers of Ministers, as amended; and
− Federal Law No. 4 of 2012 Regulating Competition; and
− Based on the Proposal submitted by the Minister of Economy, and the approval thereof by the Cabinet,
Hereby enact the following Decree-Law:
For the purpose of applying the provisions of this Decree-Law, the following words and expressions shall have the meanings assigned thereto respectively, unless the context requires otherwise:
The State: The United Arab Emirates.
The Ministry: The Ministry of Economy.
The Minister: The Minister of Economy.
Relevant Authority: The competent local authority.
Sectoral Regulatory Agencies: The federal authorities empowered, under their governing legislation, to regulate, monitor or supervise a certain economic sector in the State.
Competition: Carrying out economic activities according to the market mechanisms without affecting or restricting such mechanisms, which would cause harms to t...