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المادة 1
Article (1) Definitions For the purpose of applying the provisions of this Decree-Law, the following words and expressions shall have the meanings assigned thereto respectively, unless the context requires otherwise: The State : The United Arab Emirates. The Ministry : The Ministry of Economy. The Minister : The Minister of Economy. Relevant Authority : The competent local authority. Sectoral Regulatory Agencies : The federal authorities empowered, under their governing legislation, to regulate, monitor or supervise a certain economic sector in the State. Competition : Carrying out economic activities according to the market mechanisms without affecting or restricting such mechanisms,
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Federal Decree-Law of 2023 Regarding Regulating Competition 2 which would cause harms to trade, development and consumer's interest. Relevant Market : A market which consists of two elements; namely: - Relevant Products: Products comprising each goods or service or a set of all goods or services which are regarded, by reason of their prices, characteristics and intended use, as interchangeable or substitutable in terms of meeting a certain need of consumers. - Relevant Geographic Area: A physical or digital place where the supply and demand of a product or service converge and where the conditions of competition are similar or homogeneous. Economic Activity : Every activity that is basically related to production, distribution or supply of products and goods or provision of services in the State. Undertaking : Any person that engages in an economic activity, its associated person or any association of such persons, regardless of its legal form, including the head office of the undertaking or branches of its representative office. Agreements : Agreements, arrangements, consortia or practices between two or more undertakings, any cooperation among undertakings, or decisions made by associations of undertakings, whether they are written or verbal, explicit or implicit, public or confidential. Dominant Position : A position that any undertaking holds, making it capable, either individually or in collaboration with other undertakings, of controlling or influencing the Relevant Market. Economic Concentration : Any act resulting in complete or partial transfer (merger or acquisition) of the ownership or usufruct rights of property, rights, equity, shares or obligations of an undertaking to
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Federal Decree-Law of 2023 Regarding Regulating Competition 3 another, empowering the Undertaking or a group of undertakings to directly or indirectly control another undertaking or group of undertakings. The Committee : The Competition Regulatory Committee under the provisions of this Decree-Law.
