The UAE announced new government departments on Monday, including an anti-terrorism and anti-money laundering office.
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A new council to coordinate the country’s federal and local financial policies has also been set up.
The announcements were made in a series of tweets by UAE Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum on Monday.
“The UAE economy is a global economy and its legislation keeps pace with it,” Sheikh Mohammed said in a post on Twitter.
In September, the UAE’s central bank urged banks in the country to step up efforts to combat money laundering in order to mitigate the risks of financial crime and promote stability.
The country has adopted a new set of environmental commitments to tackle climate change, Sheikh Mohammed also said on Monday.
An executive regulation to protect the UAE’s heritage and train people to excavate historical sites was also approved.