Search DubaiPRNetwork.com

Dubai and UAE

Tuesday, November 12, 2024/ Editor

Home >> Local News and Government

UAE to Host High-Level OECD Budget Officials Meeting for the MENA Region

UAE to Host High-Level OECD Budget Officials Meeting for the MENA Region

Home >> Local News and Government

Abu Dhabi, November 12, 2024

The UAE, represented by the Ministry of Finance, is set to host the annual meeting of the Organisation for Economic Co-operation and Development (OECD) Middle East and North Africa Senior Budget Officials (MENA SBO) in Abu Dhabi on November 18 and 19.

The event aims to bolster cooperation and knowledge-sharing among regional decision-makers on public financial management and budgeting. Attendees will include senior budget officials and managers from across the MENA region.

Discussion Sessions

The meeting will feature sessions on key topics, including the latest developments in public budget preparation, trends in government spending, and strategies to boost spending efficiency through modern practices. Participants will also explore innovative financing mechanisms designed to foster public-private partnerships.

In addition, discussions will cover initiatives to enhance financial literacy among the public, raising awareness about the importance of sound public financial management. Discussions will also delve into the application of generative artificial intelligence in budget preparation and public spending.

Exchanging Experience

H.E. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, emphasised that the UAE has become a global hub for hosting high-profile international events focused on financial and economic management.

AlKhoori noted that the annual gathering provides an ideal opportunity to strengthen regional cooperation and exchange strategies for managing public financial resources efficiently and transparently, supporting the region’s ambitions for sustainable economic growth.

'It’s through collective efforts and the use of advanced technologies such as artificial intelligence and digitisation that we can truly improve public spending efficiency and enhance transparency in managing budgets,' he said. 'These methods are fundamental to advancing common development goals throughout the region.'

It’s worth noting that the UAE also hosted the OECD’s annual meeting of senior budget officials for the Middle East and North Africa last year in Dubai, where discussions covered budget preparation, public spending, green budgeting, and public finance reform initiatives in member countries.

 

Share


Previous in Local News and Government

Next in Local News and Government


Home >> Local News and Government Section

Latest Press Release

Emirates Aviation University marks 35 years of supporting the local and global aviation ecosystem

Emirates layers on retrofitted aircraft with latest product, including Premium Economy to more citie ...

Music, Maps, and Stories at the Mohammed Bin Rashid Library in July

New SHEGLAM Daydreamer Mini Palette Turns Pocket-Sized into Power Pigment

GEMS Education launches GEMS School Management (GSM) to deliver world-class schools globally; in adv ...

Dubai Airshow 2025 unveils new features as registration opens, promising unmatched experiences on an ...

Passenger Growth Hits 5% in May

João Almeida: Racing for Glory and Riding for the Team

May Air Cargo Demand Up 2.2% Despite Trade Disruptions

Return to Ritual: Celebrate Self-Care Month with BUFARMA Skincare

Dubai Government Human Resources Department organises 2nd Human Resources Forum of 2025 to discuss e ...

Dubai Customs and Dubai Police: A strategic partnership to protect the homeland and to promote stabi ...

Rediscover family shopping days: REDTAG opens its doors in Al Ain

Dubai Culture Launches Open Call for 14th Sikka Art & Design Festival

Summer Restaurant Week Returns This DSS with Over 65 Exclusive Dining Deals Across Dubai

Julien Calloud Appointed CEO of SAVOYE to Lead a New Era of Performance and Innovation

Zoho Powers Up CRM for Everyone Platform with AI to Elevate Customer Experience

Media's Role in the Age of Algorithms By HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum

VinFast VF 8: The Premium Electric SUV Empowering a New Generation of Entrepreneurs in the UAE

Enter the Jurassic Era at VOX Cinemas