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UAE to axe 2,000 procedures in ‘Zero Bureaucracy’ drive

The Zero Bureaucracy initative aims to streamline processes and reduce administrive burdens on companies and individuals Pexels/Kampus Production
The Zero Bureaucracy initative aims to streamline processes and reduce administrive burdens on companies and individuals

The Central Bank of the UAE has announced plans to eliminate at least 2,000 bureaucratic procedures as part of a sweeping “Zero Bureaucracy” plan to enhance efficiency in the country’s financial sector. 

The change is aimed at reducing administrative burdens on businesses and individuals, according to state news agency Wam.

The bank, in collaboration with the prime minister’s office, seeks to cut procedure times by 50 percent and remove unnecessary processes and requirements.

It is hosting workshops to engage licensed financial institutions in streamlining and speeding up service delivery processes.

Khaled Mohammed Balama, governor of the Central Bank, said the bureaucracy initiative will foster a more efficient and innovative financial ecosystem, in line with the UAE’s ambition to be a global leader in government efficiency by 2031.

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