MoF celebrates UAE Innovation Month with Special Event focusing on promoting innovation
Interactive format includes five dynamic stations, guiding participants from ideation to execution
Younis Haji AlKhoori: "'Finance Innovates' is a platform that sparks ideas and unlocks new possibilities for innovative solutions'
Dubai, The Ministry of Finance (MoF) organised a special event focusing on innovation in Dubai to drive creativity and accelerate digital transformation as part of the UAE Innovation Month 2025.
Designed to cultivate an interactive and forward-thinking environment, the "Ministry of Finance Innovates—Innovation Journey" event aimed to encourage creative problem-solving and knowledge exchange, fostering collaboration that leads to innovative financial solutions.
It also sought to accelerate digital transformation, with discussions centred on utilising technology to drive efficiency across financial sectors and contribute to long-term sustainability.
Attended by H.E. Younis Haji AlKhoori, Undersecretary of the Ministry, alongside assistant undersecretaries, department directors, employees, and strategic partners, the event was held as part of the ministry's commitment to enhancing innovation in the financial sector and fuels its journey towards global leadership in public finance and sustainable development.
Interactive Platform
His Excellency Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, said, 'The UAE Innovation Month embodies the spirit of creativity and progress that defines the UAE. We at the Ministry of Finance are committed to fostering a culture of innovation across all sectors. Innovation is not just a tool but a necessity for achieving leadership and sustainability.'
'As we come together today, we have to reaffirm the importance of harnessing creativity and fresh ideas to develop the financial sector, accelerate digital transformation, and build a future-ready work environment.'
He emphasised that the event was designed as an interactive platform to inspire and challenge conventional thinking.
'Through the innovation experience journey, we have created a comprehensive experience that takes participants from exploration to implementation, opening new horizons for innovative solutions, he said.
'We are confident that this event will generate pioneering ideas that strengthen the Ministry of Finance's future readiness, contribute to sustainable development goals, and reinforce the UAE's position as a global innovation hub.'
Established Culture
Fatima Yousif Al Naqbi, Acting Assistant Undersecretary for the Support Services Sector at the Ministry of Finance, emphasised that innovation is more than just an initiative—it's a mindset, a continuous process, and a driving force behind progress.
'At the Ministry of Finance, we see innovation as deeply rooted in our culture. It's not a one-time effort but an ongoing journey that pushes us toward our goal of global leadership in the financial sector.
The "Ministry of Finance Innovates—Innovation Journey" event provided a strategic platform to unlock creativity, expand perspectives, and challenge minds to explore new solutions in an ever-evolving world.
It was an opportunity for all of us—employees and partners alike—to share insights, exchange ideas, and collaborate on shaping the future,' Al Naqbi said.
Experience that Stimulates Innovation
As part of the event, the Ministry of Finance launched the "Innovation Experience Journey," an interactive and engaging initiative designed to bring creativity to life through hands-on activities and gamified challenges.
The journey takes participants through five key stages, each designed to expand their thinking, encourage collaboration, and turn ideas into action.
It starts at The Future Centre, where participants explore upcoming trends and envision possibilities. Then, at The Empathy Centre, they step into the users' shoes, gaining a new perspective on problem-solving.
At The Idea Generation Centre, they brainstorm fresh solutions before moving on to The Prototyping Centre, where concepts are developed into workable models. The experience culminates at The Final Pitch Centre (Shark Tank), where participants present their ideas to a panel of experts.
More than just an exercise in innovation, this journey aims to immerse employees and strategic partners in a real-world entrepreneurial experience.
It creates a space where ideas don't just stay ideas—they evolve, take shape, and become solutions that contribute to the ministry's vision for the future.
Impact and Outcomes
Beyond just fostering creativity, the event aimed to strengthen the ministry's leadership in institutional innovation, helping generate forward-thinking solutions that drive sustainable excellence.
It also enhances the skills and capabilities of national talent, supports the development of smarter services, and reinforces collaboration with strategic partners, ensuring that innovation remains at the heart of the ministry's progress.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
9 hours ago
- Al Etihad
UAE Ministry of Finance hosts awareness session for Emirati students in China on career opportunities in international financial organisations
10 June 2025 16:26 SHANGHAI (ALETIHAD)The Ministry of Finance, in collaboration with the UAE Consulate General in Shanghai and the New Development Bank, organised an awareness session for Emirati students studying in China as part of the 'UAE Global Cadres' at the New Development Bank's headquarters in Shanghai, the session aimed to explore recruitment and training mechanisms in multilateral organisations, as well as pathways to build a career in the international financial included His Excellency Muhannad Sulaiman Al Naqbi, Consul General of the UAE in Shanghai; Thuraiya Hamid Alhashmi, Director of International Financial Relations and Organisations Department at MoF and Board Member of the New Development Bank; and Qiangwu Zhou, Vice-President and CAO of the New Development Bank, as well as other senior bank event is part of the UAE's commitment to expanding the presence of its national talent in the global financial arena and increasing awareness among Emirati students about career opportunities within international financial institutions. Stimulate National Talent Acting Assistant Undersecretary for International Financial Relations at the Ministry of Finance, Ali Abdullah Sharafi, said, 'The Ministry is committed to creating an interactive environment that brings together young Emirati talent with influential international organisations to stimulate national talent and enable them to explore career opportunities in the global financial sector.''Such meetings offer a direct window into the realities of working in multilateral organisations and give students the opportunity to learn from real-life experiences and discover promising career paths.'Sharafi added, 'We believe that building a strong Emirati cadre on the international stage begins with investing in knowledge and communication, an approach we are committed to advancing through initiatives like these.' Bridges of Communication Meanwhile, Ambassador Muhannad Sulaiman Al Naqbi emphasised that the session is a testament to the collaborative efforts between the Ministry of Finance and the UAE's diplomatic missions, with both sharing the same goal: empowering the nation's youth to succeed on the global added, 'The UAE Global Cadres initiative is an extension of the country's diplomatic approach to building bridges of communication between Emirati students and influential global organisations.' 'We hope this session inspires students to explore new horizons in the international financial sector and, in doing so, strengthen their contributions to both the national and global economies,' Al Naqbi session began with a welcome speech by Qiangwu Zhou, who greeted the students and commended the ongoing collaboration between the bank and the said, 'We are delighted to host this panel discussion, which highlighted the strong interest and awareness among Emirati students in international business. Investing in young talent has been and will continue to be a top priority for us.'He added, 'Events such as this provide invaluable opportunities to introduce the next generation to fulfilling careers within multilateral organisations, while fostering diversity and expertise in the Bank's future workforce.' PresentationsThe session explored the importance of the UAE Global Cadres Initiative in empowering Emiratis to pursue career and training opportunities within leading international financial institutions. The initiative supports this goal by offering introductory programmes, specialised knowledge content, and fostering strategic partnerships with entities such as the New Development Bank (NDB).The discussions also touched on the Ministry of Finance's efforts to create an enabling environment for Emiratis seeking to enter multilateral institutions. These efforts include support with application procedures, secondment opportunities, and tailored training from the New Development Bank delivered presentations outlining recruitment mechanisms and professional development pathways available within the organisation. They detailed key programmes targeting young talent, application processes, admission criteria, and the skillsets and specialisations most in for their part, actively engaged during the session, posing questions on application requirements, areas of specialisation, and the day-to-day working environment at the bank. This gathering is part of the Ministry's ongoing efforts to deepen strategic partnerships with international financial institutions and expand career opportunities for UAE nationals, driving the country's vision of building a globally competitive and influential national workforce.
Zawya
16 hours ago
- Zawya
Japan's super-long bonds rise after report of possible bond buybacks
TOKYO - Japan's super-long government bond prices rose on Tuesday, after Reuters reported that the government is considering buying back some super-long-dated bonds in a move to contain rising yields. The 20-year JGB yield fell 2 basis points (bps) to 2.340% and the 30-year JGB yield fell 3 bps to 2.88%. Bond prices move in the opposite direction to yields. Japan is considering buying back some super-long government bonds issued in the past at low interest rates, two sources with direct knowledge of the plan told Reuters. "Although the finance ministry's bond issuance plans are still not clear, the report about bond buybacks is positive," said Naoya Hasegawa, chief bond strategist at Okasan Securities. "It signals the ministry's willingness to improve demand for bonds with super-long maturities," Hasegawa said. The latest report came as the market awaited details of the ministry's bond sale plans after Reuters reported last month that the ministry is considering a cut in the sale of super-long bonds. The Ministry of Finance, which oversees the government's debt issuance, will reach a final decision on the buybacks after holding meetings with bond market participants on June 20 and June 23, the sources told Reuters. Yields on the longest-dated bonds hit record highs last month, reflecting weak demand from life insurers, major investors in super-long bonds, which have already completed their asset-liability duration matching to comply with the Financial Services Agency's regulations. On Tuesday, yields on shorter-dated bonds edged up, amid worries that the possible cuts in the longer dated bonds would bring an increase in issuance of shorter-dated bonds. The two-year JGB yield rose 0.5 bp to 0.775% and the five-year yield rose 0.5 bp to 1.035%. The 10-year JGB yield fell 0.5 bp to 1.465%
Sharjah 24
a day ago
- Sharjah 24
Ruwad records 23.9% growth in government contracts in 2024
Improving national economic performance Acting Director Fatima Al Ali stated that this rise underscores RUWAD members' strong position as trusted providers to federal and local government agencies. It also demonstrates a growing trust in the quality of services and goods provided by Emirati entrepreneurs, reinforcing their position in national development and public-private collaborations. Enhancing member competitiveness She stated that RUWAD is dedicated to increasing its members' competitiveness through focused training programs, awareness workshops, and discussions on government procurement methods. Members are also urged to join approved supplier platforms and take part in digital tendering processes. Government partnerships Al Ali also stated that the foundation works with key authorities such as the Ministry of Finance and Sharjah's Central Finance Department to foster a conducive business environment. These collaborations enable increased participation in bids and provide additional incentives and opportunities for enterprises. Expanded reach throughout federal contracts In 2024, 46 RUWAD projects signed 318 contracts with 42 federal agencies. The services provided varied from hospitality and catering to facility management and office operations. Leading contracting bodies included the Sharjah Police Academy, Kalba Municipality, and the Districts Affairs Department. Expansion of supplier base by 250%. By the end of 2024, the number of RUWAD members registered as suppliers with Sharjah's Central Finance Department had grown to 129, up from 14 the previous year, representing a 250% increase. This extension allows more projects to benefit from government procurement privileges. RUWAD members also closed 22 mutual deals as part of the "Tashbeek" initiative, which aims to develop entrepreneurial relationships while also boosting collaboration and service integration.
