Bribery, a form of corruption, remains a persistent challenge in many parts of the world, posing a significant threat to economic development, social justice, and public trust in institutions. The United Arab Emirates (UAE), with its rapidly growing economy and global prominence, recognizes the detrimental impact of bribery and has taken proactive measures to combat this practice.
Bribery involves the offering, giving, receiving, or soliciting of something of value, such as money, gifts, favors, or benefits, to influence the actions of an individual in a position of power or authority. It can occur in various contexts, including business transactions, public services, and government affairs. Bribery undermines fair competition, distorts decision-making processes, erodes public trust, and hampers economic growth.
While the UAE is recognized for its progressive development and visionary leadership, it is not immune to the challenges posed by bribery. The rapid growth of its economy and the influx of foreign businesses and investments have created an environment where the potential for corrupt practices can arise. Key sectors vulnerable to bribery include construction, real estate, government procurement, and financial services.