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In the first year of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Dubai’s Deputy Ruler and Deputy Prime Minister, the Ministry of Finance recorded his responsibilities as Minister of Finance. Today marks the end of a year full of successes and achievements, achieved under global circumstances and challenges that the UAE has turned into opportunities. Achievements and the Ministry of Finance had a prominent role in these successes, as it is the key to prosperity and its sustainability, as it has strengthened public spending on investment in people and the implementation of vital projects, as it is an important pillar in supporting the national economy , and through sound financial management that stimulates creativity that contributes to strengthening financial and economic stability and welfare citizens.
In order to maximize the federal financial resources and effectively develop them, the ministry has implemented effective policies that have produced unparalleled success in bond and treasury projects for international and local investors to diversify the sources of income to ensure the preservation of the high standards of UAE financial system.
The Ministry of Finance has also established its active and strong presence on the international stage as it participated in the finance track meetings of the Group of Twenty, and presented innovative ideas and solutions during its participation in these meetings. important role in agreements to avoid double taxation of income and encourage investment, and succeeded in expanding the network of agreements. With most trading partners by adopting a successful negotiation strategy. Over the past year, the Ministry has implemented a number of projects and financial policies that were reflected in the strong economic growth of the national economy despite the unfavorable international conditions.
The Ministry of Finance..a year of successes and results
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