As part of its commitment to strengthen its partnerships with different local and federal government entities within the UAE, the Ministry of Finance (MoF), signed a memorandum of understanding (MoU) with Mohammed bin Rashid Al Maktoum Foundation (MBRF). The MoU aims to strengthen cooperation in launching initiatives, organising forums, research and knowledge awards as well as creating a supportive environment for knowledge sharing. The MoU also provides employees the opportunity to take advantage of administrative leadership expertise.
The MoU was signed by HE Musabah Mohammed Al Suwaidi, Assistant Undersecretary for Support Services Sector at MoF, and HE Jamal bin Huwaireb, Managing Director of MBRF; in the presence of Saif Ali Al Khatri, Director of Government Communications Department at MoF and Jassim Haddad, Director of Human Resources Department at MoF.
The MoU aims to enrich and strengthen information network and knowledge management programmes between both parties, and employ technical and financial expertise to support continuous efforts for development, as well as hold common events and activities. This MoU is a key element to take a step further and aim for future agreements to strengthen the existing partnership between both parties.
Commenting on the MoU, HE Musabah Mohammed Al Suwaidi said: “Based on its strategic plan that considers partnership as the most important foundation to achieve its goals; MoF is committed to strengthening its partnership with different local and federal entities in UAE, including MBRF. This enhances the Ministry’s capability to support innovative initiative and achieve sustainable development.”
HE Al Suwaidi stressed on this partnerships’ role in enabling MoF employees to have strong and solid knowledge from Arabic or translated publications at MBRF in financial and development areas. These publications are considered as a key reference to support the sustainable development process; which is adopted by the Ministry as it is committed to supporting the federal government’s directions.”
The MoU will offer both parties employment opportunities for technical and financial expertise, and benefit from knowledge sharing. Employees will also take advantage of distinguished leadership expertise and review most of their distinctive management practices.