Latest news with #AliAbdullahSharafi
Zawya
21-05-2025
- Business
- Zawya
Ministry of Finance takes part in 2025 Annual Meetings of the Islamic Development Bank Group in Algeria
Algeria, The Ministry of Finance (MoF) has participated in the 2025 Annual Meetings of the Islamic Development Bank (IsDB) Group, hosted by the Algerian capital from May 19 to 22. Themed 'Diversifying the Economy, Enriching Lives,' the meetings provided a high-level platform for strengthening development cooperation and exchanging expertise. H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, and Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the Ministry, attended the meeting along with several MoF specialists. The meetings featured extensive discussions on key development challenges facing member countries and explored avenues for strengthening economies' resilience amidst global economic shifts. The Annual Meetings included a series of high-level assemblies: the 50th Annual Meeting of the Board of Governors of the Islamic Development Bank, the 32nd Annual Meeting of the Board of Governors of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the 25th General Assembly of the Islamic Corporation for the Development of the Private Sector, the 20th Assembly Meeting of the International Islamic Trade Finance Corporation, the 18th Annual Meeting of the Board of Governors of the Islamic Solidarity Fund for Development, the Supreme Committee Meeting of the Al Aqsa Fund, and the Roundtable of Their Excellencies the Governors. Innovative financing mechanisms The sessions discussed the importance of adopting innovative financing mechanisms and strengthening South-South partnerships while highlighting institutional reforms to enhance the Bank Group's development role. His Excellency Mohamed bin Hadi Al Hussaini emphasised that the theme of this year's meetings, 'Diversifying the Economy, Enriching Lives', reflects the strategic vision of the IsDB Group. He noted that economic diversification has become a top priority to overcome challenges and ensure sustainable growth. His Excellency stressed that partnerships with multilateral financial institutions, including the Bank Group, play a key role in driving innovation and attracting investment across key sectors such as renewable energy, education, and health. He also highlighted the need to invest in human capital, promote the digital economy, and foster entrepreneurship, while calling for greater solidarity among member states to address shared global challenges. It's worth noting that the UAE is one of the founding members of the Islamic Development Bank (IsDB), having joined in 1974. It holds a 6.0 percent share of the bank's subscribed capital. The UAE also hosts the regional offices of two key IsDB Group institutions: the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the International Islamic Trade Finance Corporation (ITFC).
Mid East Info
20-05-2025
- Business
- Mid East Info
Ministry of Finance Organises Awareness Session in the United Kingdom as Part of the 'UAE Global Cadres' Initiative
Highlighting career opportunities in international financial organisations for Emirate students The Ministry of Finance, in cooperation with the UAE Embassy in the UK and the Education and Technology Sciences Attaché Office, hosted an awareness session for Emirati students studying in the UK. The event was held as part of the Ministry's 'UAE Global Cadres', an initiative that seeks to empower Emirati youth and broaden their exposure to professional and training opportunities within major international financial institutions. Building Professional Relationships: Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the Ministry of Finance, stressed that the UAE Global Cadres programme plays a key role in opening up new horizons for young Emirati talents, adding that the programme is designed to raise awareness among Emirati youth about the work environment within international financial institutions and prepare them for internships, secondments, and employment opportunities with these entities. Sharafi added that the initiative aims to help students build international networks and enable them to contribute to global decision-making platforms. Meanwhile, Sheikh Khalid Saud Al Qasimi, Deputy Chief of Mission at the UAE Embassy in London, reaffirmed the country's commitment to supporting its students overseas. 'We firmly believe in the importance of preparing a generation of young Emiratis who are empowered, well-informed about international systems, and capable of representing the UAE on the global stage,' he said. He noted that the session has provided a platform for promoting dialogue and forging long-term professional relationships that extend well beyond graduation. For his part, Abdulrahman Al Dhaheri, Acting Education Attaché at the Office of Education and Technology Affairs at the UAE Embassy in the UK, stated: 'The Ministry of Higher Education and Scientific Research's participation in the UAE Global Cadres initiative reaffirms its commitment to empowering students on scholarship by equipping them with the skills and experiences necessary to excel in international work environments, particularly in the financial, economic, and political sectors. 'We truly believe it's important to prepare a generation of confident, capable Emiratis who can represent the UAE proudly in global organisations and play an active role in shaping decisions on the international stage,' Al Dhaheri said. He added: 'What's really exciting about this session is how it brings different parts of the government together to support students in a practical way. It's an opportunity for strengthening dialogue, networking, and building relationships that can help students both during their studies and as they start their careers. It also aligns closely with the UAE's aspirations for leadership and global competitiveness.' Presentations: The gathering featured presentations by representatives from leading international financial institutions, including the World Bank Group, the European Bank for Reconstruction and Development (EBRD), and the International Finance Corporation (IFC). Speakers outlined recruitment pathways and professional development opportunities at their respective organisations, detailing flagship programmes for emerging talent, application procedures, eligibility criteria, and high-demand areas of specialisation. The event also included an interactive session, providing students the opportunity to engage directly with representatives. Many participants voiced interest in learning how to navigate multicultural work environments and advance their careers on a global scale. This session is part of a series of awareness-raising activities organised by the Ministry of Finance, in collaboration with the Ministry of Foreign Affairs, across key global capitals that host major international financial institutions. These sessions seek to familiarise Emirati students with the training and career opportunities available within these global entities. Earlier last month (April), the Ministry of Finance officially launched the ' UAE Global Cadres', an initiative designed to introduce Emirati students and professionals to opportunities available in international financial organisations. The initiative aims to empower young people by equipping them with the knowledge and skills necessary to launch successful international careers, in line with the aspirations of the UAE's wise leadership and its vision. Through this programme, the Ministry seeks to strengthen the UAE's presence within international financial institutions and increase the contribution of national talent to advancing global sustainable development goals. The initiative also seeks to build a strategic network of relationships that will enhance the competitiveness and capabilities of Emirati professionals in key sectors.
Zawya
19-05-2025
- Business
- Zawya
Ministry of Finance organises awareness session in the UK as part of the 'UAE Global Cadres' initiative
London: The Ministry of Finance, in cooperation with the UAE Embassy in the UK and the Education and Technology Sciences Attaché Office, hosted an awareness session for Emirati students studying in the UK. The event was held as part of the Ministry's 'UAE Global Cadres', an initiative that seeks to empower Emirati youth and broaden their exposure to professional and training opportunities within major international financial institutions. Building Professional Relationships Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the Ministry of Finance, stressed that the UAE Global Cadres programme plays a key role in opening up new horizons for young Emirati talents, adding that the programme is designed to raise awareness among Emirati youth about the work environment within international financial institutions and prepare them for internships, secondments, and employment opportunities with these entities. Sharafi added that the initiative aims to help students build international networks and enable them to contribute to global decision-making platforms. Meanwhile, Sheikh Khalid Saud Al Qasimi, Deputy Chief of Mission at the UAE Embassy in London, reaffirmed the country's commitment to supporting its students overseas. 'We firmly believe in the importance of preparing a generation of young Emiratis who are empowered, well-informed about international systems, and capable of representing the UAE on the global stage,' he said. He noted that the session has provided a platform for promoting dialogue and forging long-term professional relationships that extend well beyond graduation. For his part, Abdulrahman Al Dhaheri, Acting Education Attaché at the Office of Education and Technology Affairs at the UAE Embassy in the UK, stated: 'The Ministry of Higher Education and Scientific Research's participation in the UAE Global Cadres initiative reaffirms its commitment to empowering students on scholarship by equipping them with the skills and experiences necessary to excel in international work environments, particularly in the financial, economic, and political sectors. 'We truly believe it's important to prepare a generation of confident, capable Emiratis who can represent the UAE proudly in global organisations and play an active role in shaping decisions on the international stage,' Al Dhaheri said. He added: 'What's really exciting about this session is how it brings different parts of the government together to support students in a practical way. It's an opportunity for strengthening dialogue, networking, and building relationships that can help students both during their studies and as they start their careers. It also aligns closely with the UAE's aspirations for leadership and global competitiveness.' Presentations The gathering featured presentations by representatives from leading international financial institutions, including the World Bank Group, the European Bank for Reconstruction and Development (EBRD), and the International Finance Corporation (IFC). Speakers outlined recruitment pathways and professional development opportunities at their respective organisations, detailing flagship programmes for emerging talent, application procedures, eligibility criteria, and high-demand areas of specialisation. The event also included an interactive session, providing students the opportunity to engage directly with representatives. Many participants voiced interest in learning how to navigate multicultural work environments and advance their careers on a global scale. This session is part of a series of awareness-raising activities organised by the Ministry of Finance, in collaboration with the Ministry of Foreign Affairs, across key global capitals that host major international financial institutions. These sessions seek to familiarise Emirati students with the training and career opportunities available within these global entities. Earlier last month (April), the Ministry of Finance officially launched the 'UAE Global Cadres', an initiative designed to introduce Emirati students and professionals to opportunities available in international financial organisations. The initiative aims to empower young people by equipping them with the knowledge and skills necessary to launch successful international careers, in line with the aspirations of the UAE's wise leadership and its vision. Through this programme, the Ministry seeks to strengthen the UAE's presence within international financial institutions and increase the contribution of national talent to advancing global sustainable development goals. The initiative also seeks to build a strategic network of relationships that will enhance the competitiveness and capabilities of Emirati professionals in key sectors.
Gulf Today
04-05-2025
- Business
- Gulf Today
MoF organises high-level briefing to highlight UAE's strategic role
The Ministry of Finance (MoF) has organised a high-level briefing at the Ministry of Foreign Affairs' headquarters in Abu Dhabi to discuss the Gulf financial and economic integration and highlight the UAE's role in supporting the joint Gulf action framework. The event aimed to raise awareness of regional economic integration and its positive impact on individuals, institutions, and the private sector. It also shed light on the strategic role that the UAE and the Ministry of Finance are playing in supporting collective Gulf economic efforts and engaging key partners in shaping future plans and strengthening integration initiatives. The session was attended by senior officials, including Younis Haji AlKhoori, Undersecretary of the Ministry of Finance; Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations; and Ibrahim Hassan Al Jarwan, Director of the GCC Affairs Department at the Ministry of Finance. Also present from the Ministry of Foreign Affairs were Omar Obaid Al Hassan Al Shamsi, Undersecretary of the Ministry, Abdullah Mohammad Abdul Rahman Al Bulooki, Assistant Undersecretary for Support Services Affairs; Saif Abdulla Alshamisi, Assistant Undersecretary for Protocol Affairs; Ahmed Ali Al Balooshi, Director of the GCC Affairs Department; Abdulaziz Al Habsi, Director of the Office of the Undersecretary of the Ministry; and Rashed Al Teneiji, Deputy Director of the Economic and Trade Affairs Department. This is in addition to staff from both the Ministry of Foreign Affairs and the Ministry of Finance. The meeting comes at a time when GCC countries continue to strengthen their efforts to establish the GCC common market. Discussions during the gathering touched on several key topics, including the structure of joint Gulf economic action, the progress and achievements of the Customs Union and the GCC common market, and the Ministry of Finance's role in monitoring the implementation of relevant Gulf agreements and promoting financial and economic integration across the region. The session also discussed the ongoing preparations for the UAE's upcoming presidency of the GCC in 2026 and explored plans to launch awareness campaigns and initiatives aimed at strengthening financial and economic cooperation among member choice Younis Haji AlKhoori said, 'The Gulf financial and economic integration is not merely a development initiative but a strategic priority that reflects the shared vision and unified interests of the GCC countries. The UAE is committed to turning this vision into tangible initiatives that cement the Gulf Common Market, facilitate the movement of capital, enhance the efficiency of tax systems, and make doing business across member states easier and more seamless.' AlKhoori added, 'The Ministry of Finance plays a key role in monitoring the implementation of GCC resolutions and developing both bilateral and multilateral cooperation frameworks, particularly as the UAE prepares to assume the GCC presidency in 2026. We will continue to coordinate closely with our partners to launch forward-looking initiatives that reinforce financial stability and boost economic development across the Gulf region.' This high-level briefing is part of a comprehensive plan adopted by the Ministry of Finance to promote economic awareness, strengthen institutional engagement, and highlight the UAE's strategic role in the Gulf region, particularly the Ministry's responsibility in implementing the GCC Unified Economic Agreement. The agreement covers key areas of financial and economic integration and aligns perfectly with the ministry's strategic goals of deepening economic integration and advancing the financial and economic interests of the country. Meanwhile, during a European tour that included Spain and Croatia, Abdulla Bin Touq Al Marri, UAE Minister of Economy, met with Tonči Glavina, Minister of Tourism and Sports of Croatia; and Rosario Sánchez Grau, Spanish Secretary of State for Tourism, with the aim of enhancing cooperation in the sector. As part of the discussions, the ministers exchanged the latest experiences and practices in the field of sustainable tourism development. Bin Touq expressed the UAE's desire to enhance cooperation with European markets and foster fruitful partnerships in various tourism sub-sectors and activities, thereby supporting overall economic development and creating new opportunities for shared prosperity. He pointed out that the tourism sector in the UAE has undergone significant development, characterized by the adoption of forward-looking national initiatives; the establishment of distinguished tourism infrastructure in line with global best practices; the development of leading destinations and tourism products, and an increase in tourist inflows. Bin Touq said: 'The UAE continues to support initiatives and projects aimed at sustaining global tourism growth, fostering collaboration with the UN Tourism and its member states, and expanding cooperation in various tourism sub-sectors.' WAM
Mid East Info
24-04-2025
- Business
- Mid East Info
Ministry of Finance Organises Awareness Session for Emirati Students in Washington - Middle East Business News and Information
Coinciding with the launch of the 'UAE Global Cadres' initiative Younis Haji AlKhoori: The 'UAE Global Cadres' initiative aims to build a generation of Emiratis capable of representing the UAE in international organisations The Ministry of Finance organised an awareness session at the UAE Embassy in Washington, D.C., bringing together a group of Emirati students studying in the United States, in conjunction with the launch of the UAE Global Cadres initiative, aimed at exploring training programmes and career opportunities in international financial organisations. The session is part of the Ministry's efforts to invest in human capital and to prepare and empower national talent to take on roles within international financial institutions. The gathering was attended by H.E. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance; Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the Ministry of Finance; Azza Ali AlJassmi, Director of Government Communication; and Thuraiya Hamid AlHashmi, Director of International Financial Relations and Organisations. Representatives from the World Bank Group (WBG) and the International Monetary Fund (IMF) also participated, providing an overview of recruitment mechanisms and professional development opportunities at both institutions. Strategic project: In his opening remarks, H.E. Younis Haji AlKhoori emphasised that the UAE Global Cadres initiative is a strategic project to build a generation of young Emiratis capable of representing the UAE in international financial institutions. 'Through this initiative, we aim to provide clear pathways for secondment, training, and employment in the world's leading financial organisations, enhancing the competence of our national talent and opening doors to influential leadership roles on the global stage,' he said. He added: 'Your presence today reflects a spirit of initiative and ambition. We are confident in your ability to represent the UAE in positions of global influence, because investing in Emirati talent is the most valuable investment—and the UAE Global Cadres initiative is the gateway to that future.' H.E. Alia Al Suwaidi, Deputy Chief of Mission at the UAE Embassy in Washington, DC, said: 'At the UAE Embassy in Washington, we are keen to strengthen engagement with all Emirati students in the United States, and we seek to involve them in various initiatives and events organised by the Embassy. We believe in their vital role as ambassadors of our nation's values on the international stage. These gatherings not only enrich their knowledge but also enable them to build professional networks that support their future careers and enhance the presence of Emirati talent in international organisations.' Career paths and opportunities: The session highlighted key training and professional development programmes offered by international financial institutions in which the UAE is involved. Students actively engaged in the discussion, raising questions about application processes, admission requirements, and the most sought-after specialisations in international financial organisations. Participants also expressed interest in learning how to navigate multicultural work environments and pursue long-term career paths in the global arena. Representatives from the World Bank Group and the IMF outlined prominent career opportunities and the pathways Emirati youth can follow to launch their international careers through specialised programmes. These awareness sessions are the result of the UAE's expanding strategic relations with international financial organisations. They aim to support national talent in fields such as economics, finance, accounting, and international relations—preparing them to take on senior and executive roles within global institutions. This session forms part of a series of awareness activities organised by the Ministry of Finance, in collaboration with the Ministry of Foreign Affairs, in key capital cities that host international financial institutions. The aim is to familiarise Emirati students with the required specialisations and the pathways to join these institutions. The initiative also contributes to the UAE government's efforts to prepare national talent through strategic programmes with both societal and global impact.
