UAE's Ministry of Foreign Affairs expressed its astonishment at Biden's remarks on the financing of terrorism.
Biden's remarks were "far from the truth, especially with relation to the UAE's role in confronting extremism and terrorism," said Minister of State for Foreign Affairs Anwar Mohammed Gargash.
The US Vice President's statement ignored the steps and the effective measures taken by the UAE, Gargash said in a statement carried by the official WAM news agency.
Biden spoke about Turkey, the UAE, other Middle Eastern allies, and the threat posed by the Islamic State terror group, also known as ISIS or ISIL.
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Biden had said the IS had been inadvertently strengthened by actions allies took to help opposition groups fighting against Syrian President Bashar al-Assad.
The US Vice President has since apologised to Turkey over the comments. The apology came after Turkish President Recep Tayyip Erdogan's furious reaction to Biden's comments.
Gargash said: "The UAE's counter-terrorism approach reflects a pioneering national commitment that recognises the extent of the danger posed by terrorism to the region and to its people.