Ebrahim Obaid Al-Zaabi, Director General of the Insurance Authority, emphasized that the decision to open the ownership of economic activities for foreign investments by 100% is a strategic and qualitative step to achieve the long-term comprehensive development vision of the United Arab Emirates, promote economic and social development and promote the competitiveness of the national economy. As well as, promoting the polarization of foreign investments in light of the vision of the wise leadership and the government directives for comprehensive

development

He stressed that the Insurance Authority is eager to facilitate procedures and develop practices that simplify doing

business in the State and raise the competitiveness of the local insurance market, within the framework of the vision to make the UAE a global hub for the insurance industry