Tenth edition

MoF e-Newsletter 10 th Edition January 2013
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MoF News
MoF Launches its Strategy
Preparation Project for 2014 -2016
The Ministry of Finance (MoF)
launched its Strategy Preparation
Project for years 2014-2016 (the
third phase of its strategy), as per the
requirements of the UAE cabinet.
The launching ceremony was held
in MoF’s premises in Abu Dhabi in
the presence of a number of officials
from Federal and local government
bodies and strategic partners.
The event included a presentation
that highlighted the key steps
required for commencing the
preparation of the Ministry’s
strategy in accordance with
organizational standards of
excellence. HE Al Khouri also
showcased the general framework
of the strategy for the years 2014
- 2016, the suggested timeline for
implementation and its planning
phases, where a preliminary draft
of the strategy will be submitted
to the Cabinet.
The launching session also included
discussions between MoF’s higher
management members with officials
from government entities and the
strategic partners who attended the
session. The discussions focused
on the requirements of preparing
MoF’s strategic plan and the best
global practices in this filed.
The session was attended by
representatives the Prime Minister's
Office, Ministry of the Interior,
Ministry of Labor, Ministry
of Foreign Affairs, Ministry
of Economy and the Ministry
of Health, in addition to the
Departments of Finance in Abu
Dhabi and Dubai, the UAE Central
Bank, the General Pension &
Social Security Authority, Emirates
Investment Authority, Emirates
Identity Authority, Emirates Post
Holding Group, National Bank
of Abu Dhabi, and Telectron and
Dante.
UAE Signs Agreement with
Mexico to Avoid Double
Taxation on Income
The United Arab Emirates,
represented by Ministry of Finance
(MoF), signed an agreement in
November 2012 with Mexico to
avoid double taxation on income
at the Ministry’s headquarters in
Abu Dhabi. This agreement aims
to strengthen mutual economic
and trade relations and to develop
investments between the two
countries, where Mexico is currently
the head of the G-20 countries.
On behalf of the UAE, HE Younis
Haji Al Khouri, Undersecretary of
MoF, signed the agreement, whilst
the Mexican Ambassador to the
UAE, Francisco Alonso, signed it
on behalf of Mexico. The agreement
allows the establishment of a strategic
cooperation with Mexico and other
countries of Latin America. Mexico
is considered one of the most
important emerging economies
at the level of Latin American
countries, and one of the most
prominent countries included in the
global index of government bonds.
MoF Continues
to Promote
Financial
Literacy
amongst
Different
Segments in the
UAE
The Ministry of Finance (MoF)
recently organised a lecture on the
methods of preparing the Federal
General Budget for a group of
Political Science female students
at the United Arab Emirates
University (UAEU). The lecture
is one of the many initiatives that
MoF is taking part in to increase
financial literacy awareness
amongst the UAE youth and
towards it ongoing commitment
to the community. The lecture was
attended by HE Younis Haji Al
Khouri, Undersecretary of MoF, HE
Saeed Al Yateem, Executive Director
of Revenue and Budget of MoF,
and a number of the Ministry’s
Department Directors.
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