Dubai’s Economic Security Centre website to raise awareness on economic threats

By Shilpa Annie Joseph, Trainee Reporter
  • Follow author on
Dubai
Representational Image

The Economic Security Centre of Dubai, which works to maintain a stable economic climate in the emirate by countering illegal activities, has launched a new website to raise public awareness about economic threats.

Dubai Deputy Ruler and First Deputy Chairman of The Executive Council of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum has officially launched the website, the center said in a statement.

“The center is critical in maintaining a secure economic and investment climate by mitigating risks and countering illegal activities. Dubai’s advanced technological infrastructure will help it sustain economic growth, accelerate digital transformation and enhance the government’s performance,” Sheikh Maktoum stated.

Established in 2016, the Economic Security Centre of Dubai intends to promote economic security and counter financial crimes. The center has developed a system to pre-empt potential economic threats and devise solutions to deal with challenges.

The new website allows the Economic Security Centre to enhance engagement with the community and various government departments. It has built an online forum for educating the public about economic risks.

Talal Belhoul, Chairman of the Economic Security Centre of Dubai said, “The mission of the Centre is inspired by the vision of Sheikh Mohammed bin Rashid Al Maktoum to further enhance Dubai’s position as an international financial hub. The Centre’s main role is to ensure a stable economic environment and develop strategic plans, policies, and initiatives to promote sustainable economic growth.”

According to Belhoul, the company has played a major role in mitigating the economic effects of COVID-19 by working closely with its strategic partners. Furthermore, he noted that the new website’s ability to help the center carry out its duties more effectively.

“The center works to support Dubai’s financial stability, safeguard investments from crimes, ensure the implementation of international best practices and enhance the confidence of investors and financial institutions operating in Dubai,” as per the company statement.

“Effective and proactive communication with the community and the businesses sector will help the Centre combat financial malpractices and illegal activities. The new website provides an online platform for exchanging ideas and receiving suggestions on developing economic and financial laws and procedures,” commented Faisal Yousuf Selaitin, Executive Director of the Economic Security Centre of Dubai.

Related: Sheikh Mohammed approves $8.2bn worth financial support to boost national economy

YOU MAY LIKE