amendments to the bankruptcy law Financial Restructuring Committee and World Bank Group hold a roundtable for the judicial authorities in the UAEYounis Haji Al Khoori: Amending the bankruptcy law to be aligned with modern legislative and economic principles, as well as the developments and changes witnessed by the economic and business sectors globally – This year, and in cooperation with the relevant authorities, MoF plans to prepare an integrated training programme for the relevant stakeholders on […]
Ministry of Finance launches the third phase of the Digital Procurement PlatformMohamed Bin Hadi Al Hussaini: The Digital Procurement Platform enhanced government spending efficiency and provides a cutting-edge model for government practices Mohamed Bin Hadi Al Hussaini: The platform introduces a new concept of government procurement based on international best practices Mohamed Bin Hadi Al Hussaini: The platform supports the government digital transformation system to help […]
Ministry of Finance holds a high-level closed session on Climate Finance• Mohamed Al Hussaini: The UAE is launching and activating national initiatives to enhance future readiness and achieve global goals related to climate change • Mohamed Al Hussaini: Enhancing joint action and coordination is key in devising key climate finance-related tools and policies • Mohamed Al Hussaini: The significant effects of climate change have underlined […]
In cooperation with the Arab Monetary Fund Ministry of Finance holds a panel discussion on The Role of Tax Policy to Drive Global GrowthYounis Al Khoori: We stress on the importance of this session in providing a platform to exchange opinions and views on how to devise more efficient financial policies that can make an impact on sustainable development • Younis Al Khoori: The UAE has made the Sustainable Development Goals a fundamental part of its vision and […]
UAE concludes Annual Arab Fiscal Forum Recommendations that support economic development in the region and strengthen the framework for joint Arab actionMohamed Bin Hadi Al Hussaini: The Arab Fiscal Forum is a leading platform for exchanging experiences and deliberating the future steps needed to support sustainable economic growth and enhance investment opportunities • Mohamed Bin Hadi Al Hussaini: the need for fiscal policies to contribute to enhancing the stability of the economy and accelerating growth through […]
Organised by the Ministry of Finance and the Arab Monetary Fund on the sidelines of the World Government SummitUAE holds Seventh Annual Arab Fiscal Forum • Mohamed Al Hussaini: The forum discusses future opportunities and challenges in government financial work, harnessing all efforts to contribute to advancing the comprehensive and sustainable development process • Mohamed Al Hussaini: Through our participation in the WGS, we are keen to strengthen means of communication, consolidate partnerships, […]
UAE Participates in the First Sustainable Finance Working Group Meeting within the G20 Finance Track for 2023The UAE recently participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20 Finance Track for 2023, which was held for the first time under the Indian Presidency. The meeting, which was held at Guwahati, Assam, India, sought to discuss the 2023 SFWG work plan and agree on the group’s priority areas […]
UAE Participates in the First International Financial Architecture Working Group Meeting within the G20 Finance Track for 2023The UAE participated in the first International Financial Architecture (IFA) Working Group meeting within the G20 Finance Track for 2023, which was held in Chandigarh, India, on 30 and 31 January 2023. The meeting sought to discuss global financial outlook including financial risks and opportunities. The UAE delegation included Ahmad bin Sulaiman, Director of Federal […]
Ministry of Finance Confirms Applicable Taxable Income Threshold for Corporate Tax Abu Dhabi, UAEThe Ministry of Finance (MoF) has published the approved Cabinet Decision 116 of 2022 on the Applicable Taxable Income Threshold for Corporate Tax. The Decision follows the issuance of Federal Decree Law on the Taxation of Corporations and Business (the “Corporate Tax Law”) in December 2022. Businesses will become subject to UAE Corporate Tax from […]
First auction of Treasury Bonds for the year 2023 continues to achieve exceptional resultsAED 1.1 billion Treasury Bonds issued in the first auction of 2023, as part of the T-Bonds issuance programme for 2023 Bids worth AED 6.85 billion were received Oversubscription by 6.2x UNITED ARAB EMIRATES, January 30, 2023: The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the […]
