MoF receives Saudi MoF delegation

In line with its ongoing efforts to enhance relations and exchange expertise with various financial parties in the GCC, the UAE Ministry of Finance (MoF) received today a delegation from the Saudi Ministry of Finance at its premises in Abu Dhabi, who will be visiting for four consecutive days. The delegation was headed by Dr. Sulaiman Al – Turki, Deputy Minister for Economic Affairs at Saudi MoF, and aimed to enlighten the Saudi delegation about the UAE Ministry’s experience in the management of financial resources in order to achieve sustainable and balanced development. Youni Haji Al Khouri, Undersecretary of MoF, received the visiting delegation with the presence of Saeed Rashid AL Yateem, Executive Director of Revenue and Budget and Mosbah Al Suwaidi, Assistant Undersecretary for Support Services Sector along with a number of directors and managers of the Ministry. During the first day, the Saudi delegation viewed a presentation on MoF’s experience in launching the zero-based budgeting system and its automation. The visit’s agenda also included a comprehensive explanation on the different steps involved in the development of a strategic and operational plans at the Ministry, the usage of the Injaz monitoring and planning system and the Emirates Gate of GFS reports along with a discussion on the benefits of implementing the system of federal government revenues, “e-dirham system- second generation” and the federal government financial system. Commenting on the Saudi delegation’s visit, Younis Haji Al Khouri. Undersecretary of MoF, said: “In line with the directives of the UAE’s wise leadership, MoF continues to organise a series of meetings with government agencies and financial institutions in the GCC. These meetings aim to strengthen bilateral financial relations and the exchange of expertise and knowledge on the best financial practices adopted by GCC countries, which in turn allows the consolidation of Gulf State integration and meets the GCC nationals’ requirements in the financial sector at a regional level.”