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MoF receives Sharjah Public Finance Award for excellence in cash management and financial services
MoF receives Sharjah Public Finance Award for excellence in cash management and financial services

Zawya

time26-05-2025

  • Business
  • Zawya

MoF receives Sharjah Public Finance Award for excellence in cash management and financial services

Younis Haji AlKhoori: The Sharjah Award for Public Finance is a well-deserved recognition of the Ministry of Finance's efforts in developing the government's financial work system. Abu Dhabi: The Ministry of Finance (MoF) has been honoured with the Sharjah Award for Public Finance, winning the category of 'Institution Distinguished in Cash Management, Sovereign Funds, and Banking Financial Services' at the third edition of the award (2024-2025). This accolade reaffirms the ministry's commitment to institutional excellence and innovation in upgrading its financial system while achieving the highest standards of efficiency in managing public finances. Amna Hassan Al Shamsi, Director of Financial Policies and Government Accounting Standards at the Ministry of Finance, also won second place in the category of 'Outstanding Arab Financial Manager, Outstanding Arab Budget Manager', honouring her significant contributions to developing financial policies and enhancing government performance efficiency. These achievements come in recognition of the Ministry's commitment to delivering efficient financial services and continuously adopting international best practices to improve government financial policies, optimise resource management, and ensure financial sustainability, key pillars supporting the UAE's comprehensive development goals. The award was received on behalf of the Ministry of Finance by Her Excellency Mariam Mohammed Hassan Al Amiri, Assistant Undersecretary of Government Finance Management at the Ministry of Finance. Well-deserved recognition H.E. Younis Haji AlKhoori stated, "This recognition from the Sharjah Award for Public Finance is a testament to the Ministry of Finance's ongoing efforts to enhance the government's financial system. It also reflects the effectiveness of the policies and initiatives we have implemented to promote efficiency, transparency, and sustainability in the management of public finances.' 'Over the past years, we have focused our efforts on strengthening financial legislation, improving spending efficiency, and adopting global best practices in financial planning and budgeting, in coordination with federal entities to drive the UAE's strategic economic and fiscal objectives to the next level," Al AlKhoori said. He added:"We deeply value this honour, which embodies the spirit of teamwork and institutional collaboration within the Ministry. It is also a strong motivation, inspiring us to continue strengthening our capabilities and readiness to respond to worldwide changes, thereby reinforcing the UAE's role as an influential leader in public financial management at the regional and global levels.' Promoting a culture of excellence The Sharjah Award for Public Finance was established in 2016 in collaboration with the Arab Administrative Development Organisation, inspired by the vision of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. The award aims to promote best practices in public financial management and foster a culture of excellence and quality in government work across the Arab world. Organised by the Sharjah Finance Department, the third edition of the award was announced last August as part of ongoing efforts to encourage government entities, private sector organisations, and individuals to adopt effective and sustainable financial governance practices. The award features 11 categories for individuals and 11 for organisations, aiming to foster competitiveness and promote a culture of excellence across diverse areas of financial management.

Ministry of Finance Clinches Three Excellence in Procurement & Supply Awards 2025 - Middle East Business News and Information
Ministry of Finance Clinches Three Excellence in Procurement & Supply Awards 2025 - Middle East Business News and Information

Mid East Info

time11-05-2025

  • Business
  • Mid East Info

Ministry of Finance Clinches Three Excellence in Procurement & Supply Awards 2025 - Middle East Business News and Information

Ministry awarded 'Overall Winner,' 'Best Collaborative Teamwork Project,' and 'Sustainable Procurement Project of the Year Award' H.E. Mariam Al Amiri: 'We are committed to developing a flexible work environment built on cross-functional integration and innovative solutions' Adding yet another feather to its cap, the Ministry of Finance has clinched three Excellence in Procurement & Supply Awards 2025 from the Chartered Institute of Purchasing and Supply (CIPS). The awards were in recognition of the Ministry's leading practices in procurement and supply chain management within the government's digital procurement system. The achievement has been made possible thanks to the Ministry's ongoing efforts to modernize institutional workflows, implement world-class procurement standards, and incorporate sustainability principles into government operations. Competing against government, semi-government, and private sector entities from across the MENA region and the world, the Ministry's win will further enhance confidence in the federal government's policies, procedures, and systems and affirm their alignment with innovative global standards and their strong international competitiveness. The awards were received on behalf of the Ministry by Her Excellency Mariam Mohammed Hassan Al Amiri, Assistant Undersecretary of Government Finance Management at the Ministry of Finance. Responsible Procurement Practices: H.E. Mariam Mohammed Hassan Al Amiri emphasised that winning the Procurement and Supply Excellence Awards reflects the Ministry's commitment to developing a modern, agile organisational environment that prioritises integration and innovation while adhering to international best practices in procurement management. ' The Ministry of Finance's teams have worked relentlessly to turn strategic objectives into actionable initiatives,' she said. This has led to creating an effective procurement system that enhances spending efficiency and delivers value for money. Her Excellency added: 'CIPS Awards are among the most prestigious global honours in the field, and winning three of them reaffirms that our approach to strengthening our global position through transparency and sustainability is paying off. We will continue to develop the capabilities of our teams and expand institutional partnerships to improve wise procurement practices and leverage them as a strategic tool to support sustainable development.' Award categories: Among the honours, the Ministry received the distinguished title of 'Overall Winner,', which recognises outstanding excellence in procurement and supply chain management. The category evaluates a wide range of criteria, including the adoption of advanced digital systems, artificial intelligence applications, and e-procurement platforms, as well as forward-looking policies, sustainability and governance standards, and the responsible use of public funds . Presented by the CIPS, the award demonstrates the Ministry's integrated approach to procurement, its commitment to digital governance, and its success in driving strategic alignment across federal entities . The Ministry was also honoured with the Best Collaborative Teamwork Project award, which highlights initiatives delivered through effective role distribution and cross-functional cooperation. This accolade recognises procurement teams that achieve impactful results, such as sourcing innovation or process improvements, through strong internal and external partnerships. Rounding out the trio, the Ministry earned the Sustainable Procurement Project of the Year Award, honouring initiatives with significant positive impacts on environmental sustainability, social responsibility, and corporate governance. This award recognises the ministry's leadership in driving procurement projects that contribute meaningfully to these areas, whether led by procurement teams or as part of organisational efforts, emphasising the pivotal role of supply chain management in achieving sustainable development goals. Founded in the United Kingdom, the Chartered Institute of Procurement and Supply (CIPS) is one of the world's leading organisations specialising in procurement and supply chain management. With a membership of over 70,000 professionals across 180 countries, CIPS brings together specialists and decision-makers from both the public and private sectors, as well as technical systems companies specialising in procurement. The Institute dedicates its efforts to sustainability, digital transformation, and competency development within the procurement field, further solidifying its role as a strategic partner to governments and institutions worldwide.

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