Latest news with #MarwanAlAli
Al Bawaba
28-05-2025
- Business
- Al Bawaba
Strategic Agreement Between Department of Finance in Ajman and Ajman Bank Boosts Operational Efficiency
As part of its ongoing efforts to accelerate digital transformation and enhance the efficiency of government operations, the Department of Finance in Ajman has signed a strategic partnership agreement with Ajman Bank. This collaboration aims to strengthen digital financial integration, reduce bureaucracy, and improve the effectiveness of financial operations while delivering high-quality financial agreement comes within the department's efforts aimed at simplifying procedures and achieving the highest levels of accuracy in implementing operations, by relying on the digital payments system, reducing human intervention, and enhancing security and reliability. It also aims to enable government entities to rely fully on electronic transactions, which contributes to reducing human errors and raising the efficiency of resource use, as well as enhancing integration between government and banking financial systems, leading to facilitating financial control this context, His Excellency Marwan Al Ali, Director General of the Department of Finance in Ajman, said: "The signing of this agreement represents an important step towards supporting the digital infrastructure of the government financial sector, and reflects the department's commitment to adopting the best technical practices to enhance operational efficiency, speed up procedures, and improve the quality of financial services. He also pointed out that the agreement will contribute to expanding the scope of integration with various government entities, thus enhancing the sustainability of financial added that this agreement represents a qualitative shift in the mechanisms of financial dealing between the government and the banking sector, as it provides an integrated digital platform for implementing bank transfers and settlements accurately and reliably. He stressed: "We will continue to work to expand the scope of automation in various areas of financial work in support of the Ajman government's trends in digital leadership."For his part, Mr. Mustafa Al-Khalafawi, CEO of Ajman Bank, said: "We are proud of our partnership with the Department of Finance in Ajman and the firm confidence in Ajman Bank's capabilities in digital transformation and automation. This collaboration reflects our shared commitment to modernising financial operations and reinforces our role as a trusted partner in the digital government journey. The agreement to automate bank transfer and financial settlement procedures represents a pivotal step towards developing operational efficiency, accuracy, and transparency at the level of government entities. This partnership is perfectly aligned with Ajman Vision 2030, and we continue our efforts in supporting initiatives that strengthen the UAE's financial infrastructure and contribute to sustainable, technology-driven growth. Through this partnership, the Department of Finance in Ajman seeks to solidify the emirate's position as a leading centre in applying the best digital practices in public money management, and to support national trends towards building a smart government and a sustainable digital economy.
Khaleej Times
26-05-2025
- Business
- Khaleej Times
Ajman's Department of Finance and Ajman Bank sign strategic agreement
As part of its ongoing efforts to accelerate digital transformation and enhance the efficiency of government operations, the Department of Finance in Ajman has signed a strategic partnership agreement with Ajman Bank. This collaboration aims to strengthen digital financial integration, reduce bureaucracy, and improve the effectiveness of financial operations while delivering high-quality financial services. This agreement comes within the department's efforts aimed at simplifying procedures and achieving the highest levels of accuracy in implementing operations, by relying on the digital payments system, reducing human intervention, and enhancing security and reliability. It also aims to enable government entities to rely fully on electronic transactions, which contributes to reducing human errors and raising the efficiency of resource use, as well as enhancing integration between government and banking financial systems, leading to facilitating financial control operations. In this context, Marwan Al Ali, Director General of the Department of Finance in Ajman, said: 'The signing of this agreement represents an important step towards supporting the digital infrastructure of the government financial sector, and reflects the department's commitment to adopting the best technical practices to enhance operational efficiency, speed up procedures, and improve the quality of financial services. He also pointed out that the agreement will contribute to expanding the scope of integration with various government entities, thus enhancing the sustainability of financial resources. He added that this agreement represents a qualitative shift in the mechanisms of financial dealing between the government and the banking sector, as it provides an integrated digital platform for implementing bank transfers and settlements accurately and reliably. He stressed: 'We will continue to work to expand the scope of automation in various areas of financial work in support of the Ajman government's trends in digital leadership.' Mustafa Al-Khalafawi, CEO of Ajman Bank, said: 'We are proud of our partnership with the Department of Finance in Ajman and the firm confidence in Ajman Bank's capabilities in digital transformation and automation. This collaboration reflects our shared commitment to modernising financial operations and reinforces our role as a trusted partner in the digital government journey. The agreement to automate bank transfer and financial settlement procedures represents a pivotal step towards developing operational efficiency, accuracy, and transparency at the level of government entities. This partnership is perfectly aligned with Ajman Vision 2030, and we continue our efforts in supporting initiatives that strengthen the UAE's financial infrastructure and contribute to sustainable, technology-driven growth. Through this partnership, the Department of Finance in Ajman seeks to solidify the emirate's position as a leading centre in applying the best digital practices in public money management, and to support national trends towards building a smart government and a sustainable digital economy.
Zawya
26-05-2025
- Business
- Zawya
Strategic agreement between Department of Finance in Ajman and Ajman Bank boosts operational efficiency
Ajman: As part of its ongoing efforts to accelerate digital transformation and enhance the efficiency of government operations, the Department of Finance in Ajman has signed a strategic partnership agreement with Ajman Bank. This collaboration aims to strengthen digital financial integration, reduce bureaucracy, and improve the effectiveness of financial operations while delivering high-quality financial services. This agreement comes within the department's efforts aimed at simplifying procedures and achieving the highest levels of accuracy in implementing operations, by relying on the digital payments system, reducing human intervention, and enhancing security and reliability. It also aims to enable government entities to rely fully on electronic transactions, which contributes to reducing human errors and raising the efficiency of resource use, as well as enhancing integration between government and banking financial systems, leading to facilitating financial control operations. In this context, His Excellency Marwan Al Ali, Director General of the Department of Finance in Ajman, said: "The signing of this agreement represents an important step towards supporting the digital infrastructure of the government financial sector, and reflects the department's commitment to adopting the best technical practices to enhance operational efficiency, speed up procedures, and improve the quality of financial services. He also pointed out that the agreement will contribute to expanding the scope of integration with various government entities, thus enhancing the sustainability of financial resources. He added that this agreement represents a qualitative shift in the mechanisms of financial dealing between the government and the banking sector, as it provides an integrated digital platform for implementing bank transfers and settlements accurately and reliably. He stressed: "We will continue to work to expand the scope of automation in various areas of financial work in support of the Ajman government's trends in digital leadership." For his part, Mr. Mustafa Al-Khalafawi, CEO of Ajman Bank, said: "We are proud of our partnership with the Department of Finance in Ajman and the firm confidence in Ajman Bank's capabilities in digital transformation and automation. This collaboration reflects our shared commitment to modernising financial operations and reinforces our role as a trusted partner in the digital government journey. The agreement to automate bank transfer and financial settlement procedures represents a pivotal step towards developing operational efficiency, accuracy, and transparency at the level of government entities. This partnership is perfectly aligned with Ajman Vision 2030, and we continue our efforts in supporting initiatives that strengthen the UAE's financial infrastructure and contribute to sustainable, technology-driven growth. Through this partnership, the Department of Finance in Ajman seeks to solidify the emirate's position as a leading centre in applying the best digital practices in public money management, and to support national trends towards building a smart government and a sustainable digital economy.
Zawya
26-05-2025
- Business
- Zawya
Ajman Department of Finance, Ajman Bank sign agreement to boost operational efficiency
AJMAN - The Department of Finance in Ajman has signed a strategic partnership agreement with Ajman Bank. This collaboration aims to strengthen digital financial integration, reduce bureaucracy, and improve the effectiveness of financial operations while delivering high-quality financial services. This agreement aims to enable government entities to rely fully on electronic transactions, which contributes to reducing human errors and raising the efficiency of resource use, as well as enhancing integration between government and banking financial systems, leading to facilitating financial control operations. Marwan Al Ali, Director-General of the Department of Finance in Ajman, said, "The signing of this agreement represents an important step towards supporting the digital infrastructure of the government financial sector, and reflects the department's commitment to adopting the best technical practices to enhance operational efficiency, speed up procedures, and improve the quality of financial services.' He added that this agreement represents a qualitative shift in the mechanisms of financial dealing between the government and the banking sector, as it provides an integrated digital platform for implementing bank transfers and settlements accurately and reliably. For his part, Mustafa Al-Khalafawi, CEO of Ajman Bank, said, "The agreement to automate bank transfer and financial settlement procedures represents a pivotal step towards developing operational efficiency, accuracy, and transparency at the level of government entities. This partnership is perfectly aligned with Ajman Vision 2030, and we continue our efforts in supporting initiatives that strengthen the UAE's financial infrastructure and contribute to sustainable, technology-driven growth.'
Mid East Info
05-05-2025
- Business
- 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.
