The Department of Finance in Ajman Organises Introductory Workshop to Enhance 2026 – 2028 Medium-Term Financial Planning
As part of its ongoing efforts to enhance the efficiency of financial planning and the sustainability of public resource management, the Department of Finance in Ajman organised an introductory workshop for government entities in the emirate. The workshop aimed to explain Financial Circular No. (3) of 2025, which constitutes a fundamental pillar in the preparation of the medium-term financial plan for the years 2026–2028, as well as the draft general budget for the year 2026.
The objective of the workshop was to enable representatives of government entities to understand the requirements of the circular and its implementation mechanisms, and equipping them with the necessary technical tools to prepare accurate and realistic estimates of revenues and expenditures, based on actual performance and future projections.
The training workshop covered several key areas, including general guidelines and rules for preparing the medium-term financial plan (2026–2028) and the draft general budget for 2026. Emphasis was placed on adherence to timelines, enhancing the quality of data, and improving the accuracy of financial analysis—all of which contribute to more efficient allocation of public resources and increased levels of transparency.
Commenting on the occasion, His Excellency Marwan Al Ali, Director General of the Department of Finance in Ajman, stated:
'The organisation of this workshop reflects the Department's commitment to strengthening the capabilities of government entities in financial management, in line with international best practices. It aims to support the preparation of realistic budgets based on sound analytical foundations, in a way that reflects the vision of the Government of Ajman and supports its aspirations for sustainable development.'
His Excellency further stressed that integrated coordination among various government bodies is the cornerstone of achieving rational and sustainable financial planning. He highlighted that such close cooperation will inevitably lead to maximised resource utilisation, which serves the interests of the emirate and contributes to prosperity and an enhanced quality of life.
During the workshop, the Department underlined government entities' strict adherence to all technical requirements, further noting that it is a key foundation for preparing plans and budgets that reflect the emirate's development priorities and enable evidence-based financial decision-making.
This workshop forms part of a series of developmental initiatives launched by the Department. It is a reflection the Government of Ajman's commitment to embedding the principles of effective financial planning and achieving alignment between governmental resources and strategic objectives, in line with the emirate's future ambitions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
19-05-2025
- Mid East Info
Ajman Department of Tourism Development concludes successful promotional tour in Germany to enhance cooperation with European partners
The Ajman Department of Tourism Development (ADTD) has successfully concluded a high-impact promotional tour in Germany, led by His Excellency Mahmood Khaleel Alhashmi, Director-General of the Department, and with the active participation of an official delegation from the department. The tour aligns with ADTD's ongoing strategy to improve the global standing of Ajman and promote its wide array of tourist attractions in the German market. The tour, which commenced in Hamburg, passed through Frankfurt and Stuttgart and then arrived in Leipzig. During the visit, the department organised a series of professional meetings, workshops and interactive sessions with a selected group of representatives from German travel agencies and tourism companies as well as senior executives and decision-makers in the European tourism industry. Furthermore, ADTD highlighted Ajman's rich tourism and cultural assets, which give it a distinctive identity. These include its contemporary infrastructure, advanced hospitality services and integrated tourism experiences that combine authenticity and modernity. These unique features make it an ideal location for tourists from various parts of the world, especially Germany. As part of its strategic efforts to reinforce international cooperation, the department also signed a collaboration agreement with one of Germany's leading tour operators, DERTOUR Group. Under the terms of the agreement, both parties will launch integrated promotional programmes, including digital campaigns and awareness events, aimed at attracting a diverse group of European visitors and reinforcing Ajman's position on the global tourism map. H.E. Alhashmi underscored that the tour marks a significant milestone in Ajman's strategic expansion plan. He also pointed out that the high level of engagement and interest during the meeting signifies the emirate's potential as a unique tourist destination providing a comprehensive experience that combines tranquillity, nature, culture and modern services. H.E. Alhashmi said: 'At the Department, we are committed to building strong bridges of cooperation with global partners and fostering sustainable relationships that open new avenues for growth in the tourism industry. We look forward to transforming the positive results of this into practical, purpose-driven programmes to attract more European tourists to the emirate.' The tour culminated with vibrant sessions in Leipzig, where industry professionals shared their insights and future ideas for industry growth. These sessions reaffirmed ADTD's unwavering commitment to embracing an approach that supports strategic partnerships and relies on the highest standards of quality and sustainability in developing the tourism sector, in line with the ambitious vision of Ajman. The tour is regarded as one of the most remarkable external initiatives of ADTD in 2025. It marks a new beginning for expanding the department's network of international partners and enhancing the emirate's competitiveness as a preferred tourist destination in the region.
Mid East Info
09-05-2025
- Mid East Info
Copper market navigates tariff uncertainty amid tight global supply - Middle East Business News and Information
Ole Hansen, Head of Commodity Strategy, Saxo Bank The copper market continues to trade within a wide range, with some of the price action being driven by market participants trying to preempt what tariff level, if any, the US Commerce Department eventually will recommend the Trump administration apply on US imports. Just like steel and aluminium, Trump has threatened to impose a 25% duty on all copper imports—a move that could roil the global market for one of the world's most important metals—not least considering a robust demand outlook, recently further enhanced by an energy transition which is expected to increase demand for a key conductor of power towards EVs, AI-related data centres, and cooling as parts of the world continue to get warmer. The tariffs, designed to protect local producers and foster increased US production and refining capacity, would, however, leave US manufacturers paying much more for their metal than rivals overseas. The probe launched in February under Section 232 of the Trade Expansion Act is now expected to be ready within weeks, well ahead of the 270-day deadline, and the eventual announcement is very likely to trigger a major price adjustment in the market—not least in the spread between London and New York copper—which reflects the market's attempt to guess the eventual tariff level. Following a slump in early April to 6%, the spread has been hovering around 15% before declining to a current level around 8.5%. The spread is currently coming down amid strong demand in China, reflected by an ongoing slump in stockpiles monitored by the Shanghai Futures Exchange and the highest premium for imported copper since December 2023. Overall, an ongoing decline in copper stocks monitored by the futures exchanges in London and Shanghai has only been partly offset by a rise in New York, albeit stockpiles there has risen to a six-year high driven by hoarding ahead of the mentioned tariff announcement. China has seen the biggest reduction during the past ten weeks, with SHFE-monitored stockpiles down 67% to just 89 kt. The market worries that the current flow of copper heading towards the US ahead of the tariff announcement will be left stranded there until consumed, thereby exacerbating an already tight global market into the second half of 2025. By Q3 2025, Goldman Sachs estimates 45-60% of global reported copper inventories could be in the US, which accounts for just 6% of global refined demand—leaving the rest of the world with very low stocks of this important transition metal. This tightness, albeit a function of trade dislocation, may in the coming months discourage new short positions driven by trade war-related growth worries from entering the market, thereby limiting the downside to the copper price through 2025. The high-grade copper future has settled into a wide range, with USD 4 per pound having proved to offer support on numerous occasions, while the latest upside spike was mostly related to the tariff probe briefly driving the HG premium over London above 16%. In the short term, the London Metal Exchange (LME) contract offers a better insight into the global supply and demand outlook, which, according to Zijin Mining Investment Shanghai, a unit of China's top copper miner, is currently being underpinned by the mentioned strength in China, where apparent demand growth is running near double-digit levels this year, driven by strong orders from State Grid Corp, the world's single largest buyer of copper, and rising production of copper-intensive goods such as air-conditioning units to electric vehicles.
Mid East Info
05-05-2025
- Mid East Info
The Department of Finance in Ajman Organises Introductory Workshop to Enhance 2026 – 2028 Medium-Term Financial Planning
As part of its ongoing efforts to enhance the efficiency of financial planning and the sustainability of public resource management, the Department of Finance in Ajman organised an introductory workshop for government entities in the emirate. The workshop aimed to explain Financial Circular No. (3) of 2025, which constitutes a fundamental pillar in the preparation of the medium-term financial plan for the years 2026–2028, as well as the draft general budget for the year 2026. The objective of the workshop was to enable representatives of government entities to understand the requirements of the circular and its implementation mechanisms, and equipping them with the necessary technical tools to prepare accurate and realistic estimates of revenues and expenditures, based on actual performance and future projections. The training workshop covered several key areas, including general guidelines and rules for preparing the medium-term financial plan (2026–2028) and the draft general budget for 2026. Emphasis was placed on adherence to timelines, enhancing the quality of data, and improving the accuracy of financial analysis—all of which contribute to more efficient allocation of public resources and increased levels of transparency. Commenting on the occasion, His Excellency Marwan Al Ali, Director General of the Department of Finance in Ajman, stated: 'The organisation of this workshop reflects the Department's commitment to strengthening the capabilities of government entities in financial management, in line with international best practices. It aims to support the preparation of realistic budgets based on sound analytical foundations, in a way that reflects the vision of the Government of Ajman and supports its aspirations for sustainable development.' His Excellency further stressed that integrated coordination among various government bodies is the cornerstone of achieving rational and sustainable financial planning. He highlighted that such close cooperation will inevitably lead to maximised resource utilisation, which serves the interests of the emirate and contributes to prosperity and an enhanced quality of life. During the workshop, the Department underlined government entities' strict adherence to all technical requirements, further noting that it is a key foundation for preparing plans and budgets that reflect the emirate's development priorities and enable evidence-based financial decision-making. This workshop forms part of a series of developmental initiatives launched by the Department. It is a reflection the Government of Ajman's commitment to embedding the principles of effective financial planning and achieving alignment between governmental resources and strategic objectives, in line with the emirate's future ambitions.
