In a bid to strengthen its relations with regional and global entities, the UAE Ministry of Finance (MoF) received today a delegation from the Ministry of Finance of the Kingdom of Saudi Arabia (KSA) in its premises in Dubai. The meeting aimed to exchange experiences in government finance practices.
HE Younis Haji Al Khoori, Undersecretary of MoF received the KSA delegation, alongside HE Saeed Rashid Al Yateem, Assitant Undersecretary of Resources and Budget Sector; HE Mariam Mohammad Al Amiri, Assistant Undersecretary for the Management of Financial Resources. The KSA delegation was headed by HE Yaser Alquhidan, Deputy Minister of Budget and Organisational Affairs, and included HE Tariq Bin Abdullah AlSohib, Deputy Minister for Revenues; HE Abdullah Al Ghamlas, Assistant Undersecretary of Revenue Affairs; HE Hazal Al Fayzi, Assistant Undersecretary for Financial and accounts Affairs; HE Ali Al Hamdaa’, Assistant Undersecretary of Budget and Organisational Affairs; HE Abdullah Al Arifi, Assistant Undersecretary of Budget and Organisational Affairs; HE Saleh Al Shaalan, Head of the General Administration of Accounts; HE Abdullah Al Askar, Head of General Administration of Revenues. Among the participants from UAE MoF were also Azza Al Suwaidi, Revenue Development Director; Ali Sharafi, Director of the Federal Public Budget, along with a number of Heads of Departments.
HE Younis Haji Al Khoori stressed the Ministry’s commitment to strengthen the UAE’s network of relations with various countries across the globe. HE Al Khoori added: “The Ministry of Finance continuously seeks to cooperate with various regional and international institutions to share knowledge and experiences. The UAE and KSA enjoy a robust and historic social, economic and trade relationship based on a common history and shared future vision.”
The UAE Ministry of Finance reviewed its successful experience across its different departments. During the meeting, participants reviewed procedures for issuing and publishing financial statements as per best standards, preparing the general federal budget, the e-Dirham system’s main services, and adopted plans in revenue diversification as well as methods to forecast government revenue.
During the meeting, participants also reviewed UAE MoF’s plans on the coordination of government financial policies, government finance statistics, Emirates Gate of GFS reports system and the financial coordination projects. The two parties also discussed the UAE’s methodology in terms of financial performance and systems, cash flow management, consolidated financial procedures manual and the procedures manual for partnership between federal entities and private sector.