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President of UAE issues Federal Law 2017
HH Sheikh Khalifa bin Zayed Al-Nahyan, President of the UAE, issued the Federal Law no. 4 of 2017 on the Federal Budget and financial budget of independent authorities for the fiscal year 2017.
The budget income of the Emirates ID authority was estimated at AED385.316 million for the 2016 fiscal year. Moreover, the budget income of the Telecommunications Regulatory Authority (TRA) for the 2016 fiscal year was estimated at AED249.575 million.
According to the law, the Ministry of Finance shall be delegated to conduct any financial and auditory procedures.