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In line with its institutional values, MoF relies on the spirit generated through great teamwork. Employees cooperate at all levels to perform their tasks and
achieve MoF’s strategic objectives, relying on a number of leadership councils and specialised committees that work in an integrated manner. These are
divided into two categories, external and internal, according to the nature of their work and members.
Below is an introduction to each of these councils and committees, outlining their work and objectives.
Financial and Economic Committee
This is a ministerial committee established by virtue of the UAE Cabinet's
resolution No. 2 of 2005, to study and coordinate the issues related to the
general budget of the federal government. The committee is also
responsible for the development of governmental financial performance and
economic relations with various countries, economic blocs, and regional and
international organisations and funds in the best interests of the UAE.
The Supreme Committee for Supervising
the Development of the Financial Sector
Formed under the chairmanship of His Highness Sheikh Hamdan bin Rashid
Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, the Supreme
Committee includes the following members: the Minister of State for
Financial Affairs, the Minister of Economy, the Chairman of the UAE Central
Bank and the Undersecretary of the Ministry of Finance. The committee
supervises the development of general rules for the protection and safety of
the UAE’s financial system and proposes laws and legislation necessary for
its development. MoF acts as secretariat for the committee and ensures the
implementation of its directives and recommendations.
Government Financial Policy
A supreme council for the coordination of government financial policies, the
Government Financial Policy Coordination Council was constituted by the
Cabinet's Resolution No. 39 of 2008. Chaired by the Undersecretary of the
Ministry of Finance, the council’s members include representatives from
local governments and the UAE Central Bank. The council oversees the
collection of financial data and reports at the state level, and prepares the
government’s financial policies. Annual reports of the work done by the
Financial Policy Coordination Council are submitted to the cabinet. MoF
holds the position of secretariat of this council and monitors the
implementation of its decisions and recommendations.
Ministry’s Senior Leadership Team
The Senior Leadership Team is the highest authority in the ministry and is
headed by His Excellency Obaid Humaid Al Tayer, Minister of State for
Financial Affairs. The responsibilities of the team include initiating,
discussing and issuing necessary regulations required for MoF’s
programmes, policies and strategies.
Developing the methodology of institutional governance
Developing the unified automated call centre
Preparing the new organisational structure
Developing an action plan for implementing the National Innovation Strategy
Approving the strategic direction of MoF for the years 2017-2021 and
submitting it to the cabinet
MoF’s Performance Management Committee
Headed by His Excellency Obaid Humaid Al Tayer, Minister of State for
Financial Affairs, the committee is responsible for developing the ministry’s
strategy and operational plans, monitoring the implementation of those
plans, achieving operational and strategic indicators, and monitoring and
publishing the ministry’s achievements annually.
Human Resources Committee
Headed by His Excellency Younis Haji Al Khouri, Under Secretary of the
Ministry, this committee is responsible for all activities related to human
resources, such as training, planning promotions and appointments, as well
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