Abu Dhabi, 11 April, 2010: The Ministry of Finance (MoF) held its 3rd meeting to review implementation of its 2010 Operational Plan Initiatives, in the presence of HE Obaid Humaid Al Tayer, Minister of State for Finance, HE Younis Haji Al Khoori, Director General of MoF and other executives and directors of its departments. MoF aims to accomplish its ambitious strategy and implement initiatives with efficiency, creativity and professionalism.

At the meeting, HE Al Tayer honored distinguished employees for their performance on the 2009 operational plan initiatives. The Resources and Budget Sector was given the Best Sector Award as it had executed 95% of its initiatives. The Revenue Department was handed the Best Department Award as it had completed 99% of its initiatives. Applying the e-Dirham system in federal, local and private authorities by the Revenue Department and concluding double taxation agreements by the International Financial Relations Department, jointly secured these two departments the Best Initiative Award. The awards were based on Strategic Plan Department's assessment reports about the performance of departments and initiatives based on scientific criteria and indicators including team spirit, professionalism, achievement, creativity and excellence.

"We are proud of the achievements of MoF staff that will enhance the ministry's position and reputation. We call on everyone to continue the good work and persevere with their diligence to positively impact MoF and achieve its strategic goals," HE Al Tayer said during the awards ceremony.

HE Abdul Rahim Al Zarooni, Executive Director of Public Financial Management Sector and Director of the Strategic planning department reviewed the 2011 - 2013 Strategic Plan Delivery Report. The meeting discussed MoF budget allocations for major initiatives which will be applied according to zero-based budgeting principles. The MoF charter includes ensuring best use and development of Federal government resources by applying active financial management, international relations and sound fiscal policies in line with the values of team spirit, transparency, professionalism and creativity.

The meeting also tackled new goals laid out by its 2011 - 2013 Strategic Plan that support the Ministry's vision and mission through the optimal use of federal government financial resources. MoF has been tasked with ensuring development, stability and transparency of the UAE through the coordination of fiscal policies and raising the efficiency and implementation of financial legislations. The plan aims to strengthen financial relations with other countries and regional and international organizations and to encourage investment and economic development. It envisages providing high quality and efficient support services in accordance with best global standards. The plan will also increase UAE's reliance on information technology and e-government services.

HE Al Tayer was briefed in detail on the performance of all 2010 initiatives and their completion rates in the first quarter of 2010. He instructed the directors to adhere to the Ministry's objectives and values at work and also urged them to achieve greater success and excellence.

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Weber Shandwick| MENA

© Press Release 2010