Ministry of Finance launches 2027–2029 budget cycle
It focuses on key sectors like education, healthcare and social welfare, with the aim of improving service quality and supporting long-term national goals, including the UAE Centennial 2071.
The new budget is designed to boost fiscal sustainability and has a strong focus on empowering federal entities to deliver top-tier services.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, says the budget reflects a proactive and flexible approach to financial planning.
The Ministry highlighted the success of the past four budget cycles, which saw nearly AED 900 billion allocated in line with national priorities.
Public debt levels remain stable at just over AED 62 billion as of June 2025, while federal assets have grown to more than AED 464 billion by the end of 2024, reflecting the strength of the UAE's financial position.
Ministry of Finance launches the federal general budget cycle for the 2027–2029 period, marking a new step in the continuous development of the government's financial system. The move aims to enhance fiscal sustainability and aligns with the wise leadership's vision for a more… pic.twitter.com/DmuhxeWMSg
— Dubai Media Office (@DXBMediaOffice) July 16, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
5 hours ago
- Gulf Today
Liwa Dates Festival attracts over 50,000 visitors in five days
The 2025 Liwa Dates Festival, held under the patronage of His Highness Sheikh Mansour Bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, welcomed 50,225 visitors during its first five days. The 21st edition of the festival, organised by the Abu Dhabi Heritage Authority, continues until July 27 in Liwa City, Al Dhafra Region. The Liwa Dates Festival is one of the UAE's most significant platforms celebrating palm heritage and traditional agriculture. It is an annual event eagerly awaited by farmers and the wider community due to its vital support for the agricultural sector and food security. The festival features 24 competitions with a total of 308 prizes valued at Dhs8.735 million, in addition to stage competitions designed for visitors. The event reflects Abu Dhabi's commitment to preserving and transmitting heritage across generations while celebrating the date harvest season and the palm tree, a deeply rooted cultural and social symbol in Emirati heritage. The festival also attracts visitors and tourists from across the UAE and the Gulf Cooperation Council, offering a traditional and interactive atmosphere that supports farmers and provides engaging experiences for families and attendees. WAM
Al Etihad
7 hours ago
- Al Etihad
UAE AI Award launches its second edition for year 2025
20 July 2025 15:48 DUBAI (WAM)The UAE Council for Artificial Intelligence and Blockchain has announced the launch of the second edition of the UAE Artificial Intelligence Award, reinforcing the UAE's commitment to driving innovation and excellence in AI adoption across different award aims to enhance competitiveness among government and private sector entities by recognising outstanding efforts in adopting artificial intelligence, further positioning the UAE as a global hub for innovation and smart of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar Sultan Al Olama, emphasised the UAE government's commitment to implementing the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, to enhance the UAE's global digital cutting-edge solutions centred on artificial intelligence, recognised as a pivotal driver of innovation and the advancement of government stated that the government aims to empower entities, foster active community engagement, and enhance government performance efficiency, ultimately contributing to the creation of a fully integrated digital ecosystem capable of keeping pace with global advancements in artificial further stated that the UAE government continues to advance its digital transformation efforts by developing advanced frameworks for the integration of artificial intelligence across vital sectors, adopting a unified national standard for AI applications, and designing unprecedented innovative solutions that enhance service efficiency, boost future readiness, and strengthen the UAE's position as a global hub for digital UAE Council for Artificial Intelligence and Blockchain launched the award to encourage federal, local, and semi-government entities, as well as academic institutions, private sector organisations, and individuals, to adopt innovative AI solutions in shaping a better future built on digital transformation. The initiative aims to establish artificial intelligence as a key driver of growth, reshaping the nature of work, unlocking unprecedented opportunities for institutional empowerment and social integration, and fostering collaboration and creative competitiveness among various award encompasses five categories: Excellence in AI-powered Services, AI Solutions Developed in the UAE, Best Government-Private Partnership in AI, AI Leader, and AI Scientific will be evaluated against key criteria, including the level of innovation, AI ethics compliance level, level of AI maturity, scalability and adaptability, as well as potential impact.'The Excellence in AI-powered Services' category focuses on solutions that enhance service quality using AI, enabling more accurate data-driven decision-making, improving operational efficiency, reducing costs, and streamlining processes, while 'The AI Solutions Developed in the UAE' category highlights solutions that reflect a reflect Emirati identity in both concept and implementation.'The Best Government-Private Partnership in AI' category recognises successful collaborations between a government entity and a private company to develop AI-based solutions that accelerate innovation, enhance service quality, and deliver tangible outcomes that benefit the community and support government goals.'The AI Leader' category honours government professionals who champion innovative AI solutions, enhance service delivery and decision-making, build team capabilities, and raise awareness to achieve measurable results that enhance government performance.'The AI Scientific Research' category focuses on outstanding contributions to AI research that significantly advance theoretical understanding or practical applications of artificial intelligence. Entities and professionals across the government, private sector, individuals, and academic institutions interested in participating or learning more about the award categories can visit: The award's first edition received wide participation, with over 225 submissions and 12 outstanding projects competing in the final round. The winners, the Ministry of Foreign Affairs, the Advanced Technology Research Council, Abu Dhabi Mobility, and DP World, were honoured by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, during the UAE Government Annual Meetings 2024
Zawya
7 hours ago
- Zawya
H.H. Sheikh Mohammed bin Hamad Al Sharqi, the Crown Prince of Fujairah, attends the closing ceremony of Fujairah's Young Techpreneurs
FUJAIRAH, UAE: His Highness Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, attended the closing ceremony of the third and final phase of Fujairah's Young Techpreneurs. He emphasised the importance of empowering youth and young generations with technological tools and digital knowledge, viewing them as essential to realising Fujairah's future vision and promoting comprehensive and sustainable development. H.H. Sheikh Mohammed also attended the graduation ceremony of the students who participated in the final phase of the initiative, which was launched in April 2025. Fujairah Young Techpreneurs is an initiative organised and overseen by the Office of the Crown Prince of Fujairah, in collaboration with Hamdan Bin Mohammed Smart University (HBMSU) H.E. Eng. Mohammed Hamza Al Qasim, Undersecretary of the Ministry of Education, was also present at the ceremony. Furthermore, H.H. Sheikh Mohammed also underlined the significant attention Highness Sheikh Hamad bin Mohammed Al Sharqi, Member of the Supreme Council and Ruler of Fujairah, places on investing in people and empowering future generations, including both youth and children across various fields. He also emphasised the importance of preparing technically and intellectually qualified national talents capable of actively contributing to Fujairah's development journey and building the nation's future while advancing the pillars of its growth. H.H. Sheikh Mohammed praised the efforts of the students who participated in the Fujairah Young Techpreneurs initiative. He also commended their excellence, strong commitment to learning, engagement, and dedication to applying technical skills through practical projects, a significant step supporting Fujairah's digital transformation journey and meeting its knowledge-based requirements. An exhibition featuring several technology projects developed by students across five main topics: health, tourism, education, community, and the economic sector, was also organised alongside the closing ceremony. Participants demonstrated their skills in Artificial Intelligence (AI), cybersecurity, programming and entrepreneurship. H.H. Sheikh Mohammed also toured the exhibition held alongside the ceremony, where students presented the results of the initiative and their interactive applications. During the closing ceremony, H.E. Dr. Ahmed Hamdan Al Zeyoudi, Director of the Office of the Crown Prince of Fujairah, emphasised that the vision of His Highness Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, focuses on empowering youth and equipping young generations with the knowledge tools that contribute to creating positive change across all vital sectors of society. He also underlined the success of the initiative in preparing a promising generation capable of leading the future in line with its evolving demands and dynamics. For his part, H.E. Dr. Mansoor Al Awar, Chancellor of Hamdan Bin Mohammed Smart University (HBMSU), said: "Fujairah's Young Techpreneurs is a direct translation of the visionary guidance of H.H. Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, aimed at empowering young minds and enhancing their digital competencies. It equips them with critical skills in artificial intelligence, programming, and cybersecurity. We are proud to actively contribute to the goals of this pioneering initiative through our strong collaboration with the Office of the Crown Prince of Fujairah, reflecting our shared strategic vision to empower the next generation through innovation and meaningful collaboration." He further said, "At HBMSU, we are committed to advancing a smart learning model built on creativity, critical thinking, and innovation, one that prepares learners for success in a rapidly evolving digital world. We remain keen to support bold educational initiatives that align learning outcomes with the needs of future industries and contribute to the broader development vision of the Emirate of Fujairah and the United Arab Emirates.' Fujairah's Young Techpreneurs was launched under the directives of His Highness Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, as part of Fujairah's strategy to foster smart education, invest in young national talents and build a generation equipped with advanced technological skills to contribute actively to the future economy. The ceremony was attended by H.E. Dr. Ahmed Hamdan Al Zeyoudi, Director of the Office of the Crown Prince of Fujairah; H.E Dr. Mansoor Al Awar, Chancellor of Hamdan Bin Mohammed Smart University, (HBMSU); Amna Al Saleh, Acting Assistant Undersecretary of the Curriculum and Assessment Sector at the Ministry of Education; H.E. Tariq Al Hashmi, Assistant Undersecretary for the School Operations Sector; Dr. Fahad Al Saadi, Vice Chancellor for Learners Development at Hamdan Bin Mohammed Smart University; along with several officials and families of the students participating in the initiative.
