Abu Dhabi, Oct 26 (IANS/WAM): The United Arab Emirates (UAE) has issued a resolution on combating terrorist crimes.

The resolution issued by the Cabinet on Wednesday adds 10 individuals and one entity to the UAE's proscribed list for supporting terrorism.

The Cabinet Resolution directs the UAE Central Bank to take all necessary legal action in order to appropriately deal with the accounts of the named individuals and institutions.

This collective action is the first taken by the recently established Terrorist Financing Targeting Centre (TFTC) which is co-chaired by the US and Saudi Arabia. The TFTC comprises all Gulf Cooperation Council countries and the US.

The TFTC action targets leaders, financiers, and facilitators of terrorist organisations.

The UAE has expressed its support of the list issued by the TFTC, affirming that this action was an effective step towards countering terrorism, and draining its sources of funding by countries and individuals.