MoF holds the second meeting of the Government Financial Policy Coordination Council of 2017

Press release
Published May 14th, 2017 - 06:11 GMT
The meeting covered elements on the latest developments of financial policies at a UAE level.
The meeting covered elements on the latest developments of financial policies at a UAE level.

The Ministry of Finance (MoF) recently held the second meeting of the Government Financial Policy Coordination Council for 2017 in its headquarter in the Dubai. The meeting was headed by HE Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the Government Financial Policy Coordination Council, in the presence of HE Saeed Rashid Al Yateem, Assistant undersecretary of Resources and Budget Sector at MoF. The meeting covered elements on the latest developments of financial policies at a UAE level.

The meeting was attended by Mohammed Ali bin Zayed Al Falasi, Deputy Governor of the UAE Central Bank, members of the Government Financial Policy Coordination Council from UAE governments and representatives from local finance department, including HE Arif Abdul Rahman Ahli, Executive Director of Budget and Planning Department of Finance in Dubai; HE Waleed Ibrahim Al Sayegh, Director General of the Central Finance Department of Sharjah; HE Marwan Al Ali, Acting Director General of the Department of Finance in Ajman; HE Mohammed Saif Al Talay, General Director of the Department of Financial Auditing in Umm Al Quwain; HE Mohammed Sultan Al Qadi, Managing Director of the Investment and Development office (IDO) Government of Ras Al Khaimah and HE Youssef Abdullah Al Awadi, Deputy Director of DoF in Fujairah.

HE Younis Haji Al Khoori stressed the Council’s significant role in unifying the vision and direction, coordinating on financial policies related to increasing revenues and negotiating current financial matters that are affecting the UAE’s economic development. HE Al Khoori said: “Meetings held with the Government Financial Policy Coordination Council give the opportunity to study and develop financial policies at the UAE level, develop solutions and strategic plans to develop the financial systems and ensure its integrity as well as enhance the UAE’s competitiveness in international forums."

The agenda of the second meeting of the Government Financial Policy Coordination Council included a review to implement the recommendations from the previous meeting, provide the Council members with a copy of the documents to provide financial data for health and education sector and invite the members of the Council to the final session of the Article IV consultations scheduled for 14 May, 2017.

The meeting also discussed a number of elements, including a presentation by the World Bank on advancing financial coordination, reviewing smart reporting of financial statements of the federal governments, enhancing transparency as it represents  basis for administrative decisions as well as identifying mechanisms to manage cash inflows, outflows and cash liquidity.

The meeting addressed the Ministry of Finance’s presentation, in collaboration with the Organisation for Economic Cooperation and Development (OECD), on the UAE’s plan to reduce Base Erosion and Profit Shifting (BEPS). This plan is inclusive of four main steps which are; combating harmful tax practices through the exchange of tax information in accordance with the Common Reporting Standards (CSR) between countries; Avoiding the use of tax agreements in tax evasion; opening lines of communication regards the sending of detailed reports related to tax authorities of one country to tax authorities of another with activities conducted under the Mutual Administrative Assistance in Tax Matters (MAC) agreement, the Multilateral Competent Authority Agreement (MCAA) and other information agreements; and the application of more effective mechanisms for dispute settlement.

The UAE Central Bank also reviewed financial adjustments to reduce oil prices.

The Government Financial Policy Coordination Council was formed by a resolution from the UAE Cabinet. Its members consist of the Undersecretary of MoF, representatives from local UAE governments and a representative from the UAE Central Bank. The Council holds three periodical meetings annually with different councillors appointed every three years.

Background Information

UAE Ministry of Finance

To be a global leader in the fiscal field and to contribute to achieving the UAE Vision.

To efficiently and proactively manage and develop the federal government financial resources through active fiscal policies, excellent abilities, and local and 
international relations in order to achieve development, sustainability, and integrity of the fiscal system in accordance with best practices. 

توقيف 41 شخصا في مظاهرات الجزائر

Published February 23rd, 2019 - 09:07 GMT
توقيف 41 شخصا في مظاهرات الجزائر
توقيف 41 شخصا في مظاهرات الجزائر

أعلنت المديرية العامة للأمن الوطني (الشرطة) الجزائرية، مساء الجمعة، توقيف 41 شخصا في مظاهرات شهدتها عدة مدن ضد ترشح الرئيس عبد العزيز بوتفليقة لولاية خامسة في انتخابات 18 أبريل/ نيسان القادم.

وأكدت إدارة الشرطة في بيان اطلعت عليه وكالة الاناضول أن عمليات التوقيف كانت بسبب “الإخلال بالنظام العام والاعتداء على القوة العامة وتحطيم الممتلكات” دون تقديم تفاصيل أكثر حول أماكن توقيف هؤلاء المتظاهرين.

والجمعة، استجاب آلاف المواطنين بعدة محافظات جزائرية، إلى دعوات للتظاهر تم تداولها عبر شبكات التواصل، ضد ترشح بوتفليقة (81 عاما) لولاية خامسة في انتخابات الرئاسة المقررة في 18 أبريل/ نيسان القادم.

واتسمت هذه المظاهرات بالسلمية في أغلب مناطق البلاد باستثناء حدوث مواجهات بين قوات مكافحة الشغب ومتظاهرين بوسط العاصمة خلال محاولتهم السير نحو القصر الرئاسي .

ووفق شهود عيان لجأت قوات الأمن إلى الغاز المسيل للدموع وتوقيف عدة أشخاص بعد تحذيرات للمتظاهرين وتعرضها للرشق بمقذوفات وحجارة قبل أن يتراجع المحتجون ويغادروا المكان.

وصبيحة اليوم نشر ناشطون معلومات عبر شبكات التواصل الاجتماعي حول توقيف عدد من زملائهم قبل بداية المظاهرات بالعاصمة.

وعلقت الرابطة الجزائرية للدفاع عن حقوق الإنسان (مستقلة) على بيان الشرطة بالمطالبة ب”الإفراج الفوري عن الموقوفين وان يتم احترام حق التظاهر سلميا” كما نشرت على صفحتها بموقع “فيسبوك”.

الأناضول


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