Latest news with #MaktoumbinMohammed
Gulf Insider
26-05-2025
- Business
- Gulf Insider
Dubai Implements New Workplace Rules for Government Employees
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum has issued Decision No. (4) of 2025 approving operational procedures for the Central Violations Committee and the Grievances Committee under the Financial Audit Authority in Dubai. The First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE issued the decision in his capacity as Chairman of the Financial Audit Authority. The operational procedures apply to employees and senior officials, including CEOs and those in higher executive positions of entities within the Authority's purview, the Dubai Media Office said in a statement. Maktoum bin Mohammed issues a Decision approving the operational procedures for the Central Violations Committee and the Grievances Committee under the Financial Audit Authority in Dubai. The Decision ensures that disciplinary penalties are fair and proportionate to the offence,… — Dubai Media Office (@DXBMediaOffice) May 25, 2025 The Decision ensures disciplinary penalties are proportionate to offences through objective and impartial procedures designed to protect employee rights and reinforce accountability. The measures seek to protect public funds and ensure employees comply with workplace regulations whilst offering them the right to appeal decisions affecting their legal status or job conditions. The framework promotes fairness, job satisfaction, and stability in work environments across covered entities. The Decision stipulates who can serve on the Central Violations Committee, its responsibilities, and procedures for addressing financial and administrative violations. Clear criteria for disciplinary penalties ensure investigations remain objective and allow employees to provide written statements in their defence. The regulations prohibit multiple penalties for the same offence and require penalties to be proportionate to violation severity. All disciplinary action must be justifiable and limited to penalties allowed by law. The Decision outlines the scope and powers of the Grievances Committee and establishes a 15 working day deadline for employees to submit grievances from the date they receive notification of contested decisions. Grievances submitted after this period will be considered invalid. Both employees and entities concerned must comply with Grievances Committee rulings. Entities must enforce rulings and inform the Financial Audit Authority once implementation is complete. The Decision requires both committees to maintain confidentiality of all sessions, discussions, records, and information. Disclosures are permitted only with approval from the Director General of the Financial Audit Authority and when serving the public interest. The Financial Audit Authority will provide administrative and technical support to both committees to help fulfil their designated legal duties. This support operates pursuant to provisions of Law No. (4) of 2018, under which the Authority was established, and the newly promulgated Decision. The measures apply to all entities falling within the Financial Audit Authority's jurisdiction in Dubai. Also Read: Dubai Launches First Tokenised Real Estate Investment Platform
Mid East Info
23-04-2025
- Business
- Mid East Info
Maktoum bin Mohammed: UAE Global Cadres to empower Emirati talents to play influential role in financial and economic sectors globally
Maktoum bin Mohammed: We are committed to strengthening the UAE's presence in global financial institutions through our exceptional national talent. UAE Global Cadres: UAE Global Cadres to introduce Emiratis to raining, secondment and recruitment opportunities in international financial organisations The initiative reflects the UAE's strong strategic partnerships with international financial organisations. It aims to enhance the efficiency of Emirati talent, equipping them with skills aligned with international best practices. Empowering Emirati professionals in the financial sector will have a positive impact on various key sectors across the country. The initiative includes awareness workshops, training programmes, interactive sessions, and memorandums of understanding focused on opportunities for secondments, appointments, and training within international organisations. The Ministry of Finance has launched a new initiative to raise awareness among Emirati professionals and students about opportunities within international financial organisations. The 'UAE Global Cadres' initiative targets Emiratis working in the UAE, as well as those enrolled in academic institutions both locally and abroad, aiming to encourage them to pursue training, secondment, and career opportunities offered by these international institutions. Part of the UAE's well-established strategic relationships with international financial institutions, the initiative reflects the ministry's commitment to fostering national talent and reinforcing the country's presence on the global stage in line with the leadership's long-term vision. Strategic Vision: His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, stressed that the 'UAE Global Cadres' initiative will significantly support the UAE's strategic vision of empowering national talent and strengthening their role in global decision-making. His Highness said: 'This initiative is more than just an opportunity to raise awareness among national talent; it is a long-term investment in empowering Emiratis to contribute to international financial institutions and offer innovative perspectives that showcase the UAE's excellence across various financial and economic domains.' Sheikh Maktoum added, 'In the UAE, we believe that our people are our true strength and greatest asset. Through this initiative, we seek to expand our presence across global financial institutions by equipping our national talent with world-class expertise. The knowledge and expertise gained from these global opportunities will not only enhance their capabilities but also boost their contributions on regional and international fronts. This, in turn, will bolster the national economy and drive the achievement of sustainable development goals.' Concluding his remarks, His Highness said, 'We view this initiative as a strategic bridge to reinforce collaboration with international financial bodies, while also enhancing our ability to shape global economic policy and consolidating the UAE's position as a trusted and dynamic global financial hub.' Skills Development: For his part, His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, affirmed that the 'UAE Global Cadres' initiative will accelerate the Ministry's efforts to nurture a new generation of Emirati leaders equipped for roles in international finance. 'This initiative not only reinforces the Ministry's institutional reputation but also strengthens its position as a leading federal entity advancing the UAE government's strategic vision,' His Excellency said. He further stated, 'The UAE Global Cadres is tailored to promote awareness of global financial institutions and the robust training and development opportunities they offer. With participants receiving high-level training in these organisations, they will acquire advanced skills, practical experience, and exposure to international best practices, preparing them to take on leadership roles within these organisations.' Global Networks: The 'UAE Global Cadres' initiative will host educational workshops and interactive sessions, empowering Emirati participants to build international professional networks that support their career development and contribute positively to key sectors within the UAE, thereby enhancing the country's global standing. The initiative will be implemented in partnership with leading international financial institutions. The UAE is a member of several such organisations, including the World Bank Group, the International Finance Corporation, the International Fund for Agricultural Development, the European Bank for Reconstruction and Development, the New Development Bank, the Arab Monetary Fund, and the OPEC Fund for International Development.
Zawya
23-04-2025
- Business
- Zawya
UAE Global Cadres to empower Emirati talents to play influential role in financial and economic sectors globally
Maktoum bin Mohammed: We are committed to strengthening the UAE's presence in global financial institutions through our exceptional national talent. UAE Global Cadres UAE Global Cadres to introduce Emiratis to raining, secondment and recruitment opportunities in international financial organisations The initiative reflects the UAE's strong strategic partnerships with international financial organisations. It aims to enhance the efficiency of Emirati talent, equipping them with skills aligned with international best practices. Empowering Emirati professionals in the financial sector will have a positive impact on various key sectors across the country. The initiative includes awareness workshops, training programmes, interactive sessions, and memorandums of understanding focused on opportunities for secondments, appointments, and training within international organisations. Dubai, UAE: The Ministry of Finance has launched a new initiative to raise awareness among Emirati professionals and students about opportunities within international financial organisations. The 'UAE Global Cadres' initiative targets Emiratis working in the UAE, as well as those enrolled in academic institutions both locally and abroad, aiming to encourage them to pursue training, secondment, and career opportunities offered by these international institutions. Part of the UAE's well-established strategic relationships with international financial institutions, the initiative reflects the ministry's commitment to fostering national talent and reinforcing the country's presence on the global stage in line with the leadership's long-term vision. Strategic Vision His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, stressed that the 'UAE Global Cadres' initiative will significantly support the UAE's strategic vision of empowering national talent and strengthening their role in global decision-making. His Highness said: 'This initiative is more than just an opportunity to raise awareness among national talent; it is a long-term investment in empowering Emiratis to contribute to international financial institutions and offer innovative perspectives that showcase the UAE's excellence across various financial and economic domains.' Sheikh Maktoum added, 'In the UAE, we believe that our people are our true strength and greatest asset. Through this initiative, we seek to expand our presence across global financial institutions by equipping our national talent with world-class expertise. The knowledge and expertise gained from these global opportunities will not only enhance their capabilities but also boost their contributions on regional and international fronts. This, in turn, will bolster the national economy and drive the achievement of sustainable development goals.' Concluding his remarks, His Highness said, 'We view this initiative as a strategic bridge to reinforce collaboration with international financial bodies, while also enhancing our ability to shape global economic policy and consolidating the UAE's position as a trusted and dynamic global financial hub.' Skills Development For his part, His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, affirmed that the 'UAE Global Cadres' initiative will accelerate the Ministry's efforts to nurture a new generation of Emirati leaders equipped for roles in international finance. 'This initiative not only reinforces the Ministry's institutional reputation but also strengthens its position as a leading federal entity advancing the UAE government's strategic vision,' His Excellency said. He further stated, 'The UAE Global Cadres is tailored to promote awareness of global financial institutions and the robust training and development opportunities they offer. With participants receiving high-level training in these organisations, they will acquire advanced skills, practical experience, and exposure to international best practices, preparing them to take on leadership roles within these organisations.' Global Networks The 'UAE Global Cadres' initiative will host educational workshops and interactive sessions, empowering Emirati participants to build international professional networks that support their career development and contribute positively to key sectors within the UAE, thereby enhancing the country's global standing. The initiative will be implemented in partnership with leading international financial institutions. The UAE is a member of several such organisations, including the World Bank Group, the International Finance Corporation, the International Fund for Agricultural Development, the European Bank for Reconstruction and Development, the New Development Bank, the Arab Monetary Fund, and the OPEC Fund for International Development.
Emirates 24/7
13-04-2025
- Business
- Emirates 24/7
Maktoum bin Mohammed: Dubai FinTech Summit reflects Mohammed bin Rashid's vision of establishing Dubai as global financial powerhouse
The Dubai International Financial Centre (DIFC) is set to host the third edition of the Dubai FinTech Summit on 12 and 13 May 2025, at the Madinat Jumeirah, Dubai, under the theme 'FinTech for All'. The Summit, held under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC, will bring together global industry leaders, innovators, and policymakers to explore the latest trends and insights driving the FinTech sector. H.H. Sheikh Maktoum bin Mohammed said: 'The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, of establishing Dubai as a global financial powerhouse. The Summit is set to attract over 8,000 attendees and 300 speakers from more than 100 countries, as well as over 1,000 investors alongside top decision makers, thought leaders and experts. This reflects Dubai's pivotal role in shaping the future of finance globally, while reinforcing its status as the destination of choice for businesses and entrepreneurs worldwide. We are committed to supporting FinTech in line with the goal of the Dubai Economic Agenda D33 to position Dubai as a top four global financial centre by 2033.' The FinTech sector continues to grow and by 2030 global revenues are expected to reach $1.5 trillion, representing an estimated 7% of the total financial services market. This growth is driven by advancements in artificial intelligence, blockchain and digital banking, creating new opportunities for financial institutions and technology companies worldwide. Dubai FinTech Summit is at the heart of these developments. Its agenda will address the future of finance, financial innovation and regulatory compliance, while highlighting the challenges and opportunities the sector presents. It will also cover the latest in key areas such as blockchain technology, AI-driven services, and digital banking. Furthermore, the summit will explore investment trends, global economic shifts, and cross-border regulations. Essa Kazim, Governor of DIFC said: 'Through the Dubai FinTech Summit, DIFC continues to showcase the tremendous opportunities AI, FinTech and innovation companies can access when they establish in Dubai. As we relentlessly foster an environment of innovation and excellence, we are solidifying Dubai's position as one of the world's foremost destinations for FinTech talent and investment.' Providing a global platform for innovation, building partnerships and driving the next wave of FinTech advancements, the Summit will also feature an exhibition with 200 exhibitors. The Future Sustainability Forum will be incorporated into the Dubai FinTech Summit for the first time, and the alignment is reflected in the Summit's theme of 'FinTech for All'. Associated sessions will highlight accessibility, inclusivity and empowerment in the financial sector. Amongst the distinguished lineup of speakers are Marko Primorac, Deputy Prime Minister and Minister of Finance of Croatia; Gilles Roth, Minister of Finance, Luxembourg; Timothy Adams, President and Chief Executive Officer, Institute of International Finance (IIF), USA; Tony O Elumelu, Chairman of United Bank for Africa and Founder of Tony Elumelu Foundation, Nigeria; and Vijay Shekhar Sharma, Founder & Chief Executive Officer, Paytm, India. The Summit will feature start-up and country pavilions in the exhibition arena to showcase cutting-edge solutions from emerging and established players. Additionally, the FinTech World Cup will give promising FinTech start-ups a global platform to display their solutions to investors, venture capitalists, and strategic partners, and an opportunity for investors to find the next big idea. Reflecting the continued importance of FinTech to the finance industry, the event is being supported by Emirates NBD as Premium Banking Partner, Commercial Bank of Dubai as Strategic Banking Partner; Relm as Strategic Partner; Presight as AI Industry Leader; Pay10 and Alibaba Cloud as Platinum Sponsors; Seoul FinTech Lab as a Pavillion Partner; and Business Sweden as the Country Partner. Follow Emirates 24|7 on Google News.
Al Etihad
13-03-2025
- Business
- Al Etihad
Maktoum bin Mohammed meets with CEO of Mastercard
13 Mar 2025 23:01 DUBAI (WAM)H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today met with Michael Miebach, CEO of Mastercard, one of the world's leading digital payment and financial technology his discussions with the Mastercard CEO, H.H. Sheikh Maktoum bin Mohammed highlighted the UAE's vision for a dynamic and future-ready financial ecosystem that harnesses advanced technologies to promote economic growth.'The UAE seeks to foster strategic collaborations with leading financial technology companies like Mastercard to accelerate the transformation of the digital economy and promote innovation in financial services,' His Highness said.H.H. Sheikh Maktoum bin Mohammed noted that the UAE's exceptional business-friendly ecosystem and financial industry infrastructure continue to enable global financial institutions to widen their footprint and raise their contributions to sustainable economic development in the expansion in the region and beyond, anchored in its Dubai hub, highlights the city's growing role as a centre for financial innovation and a gateway to emerging markets. Consistent with the goal of the Dubai Economic Agenda D33 to establish the city as one of the world's top four financial hubs, Dubai is rapidly strengthening its contributions to shaping the future of global is home to Mastercard's headquarters for the Eastern Europe, Middle East, and Africa region, established in 2001. Mastercard reported net revenues of $28.2 billion for the full year 2024, marking a 12% increase from the previous year. With over 35,000 employees worldwide, the company operates in over 200 countries and territories, providing secure digital payment solutions that support individuals, businesses, and governments. The meeting was attended by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Abdulrahman Saleh Al Saleh, Director General of Dubai Finance; Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism; and Malek Al Malek, Chairman of the TECOM Group.
