Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of
Dubai, Deputy Prime Minister and Minister of Finance, chaired the
seventh meeting of the UAE’s federal General Budget Committee.
The meeting was attended by Sheikh Mansour Bin Zayed Al Nahyan, Deputy
Prime Minister and Minister of the Presidential Court; Sheikh Abdullah
Bin Zayed Al Nahyan, Minister of Foreign Affairs and International
Cooperation; Mohamed Hadi Al Hussaini, Minister of State for Financial
Affairs; and Khaled Mohamed Balama, Governor of the Central Bank of the
UAE (CBUAE); in addition to representatives of the Ministry of Finance.
The General Budget Committee discussed several topics, including federal
cash flow for financial years 2022-2023, in light of the actual
expenditures and revenues during the current financial year and the
expected revenues.
The Committee also discussed the federal budget for the financial year
2023 in light of recent developments and the Ministry of Finance’s
updated procedures for developing the federal general budget in
accordance with the UAE’s Federal Law No. (26) of 2019 on the public
budget.
The Committee also issued directives to the Ministry of Finance to
proceed with drafting the 2023 federal budget before presenting it to
the UAE Cabinet for approval. The Committee also reviewed and issued the
necessary directives regarding federal entities’ requests for
additional funding for 2022.
UAE to host ISO Annual Meeting: The UAE is set to host the Annual
Meeting of the International Organisation for Standardisation (ISO) 2022
at the ADNOC Business Centre in Abu Dhabi from 19th to 23rd September,
2022.
Organised by the Ministry of Industry and Advanced Technology (MoIAT),
the event will take place in the presence of Ulrika Francke, President
of the ISO, along with more than 2,000 delegates, including officials
and representatives of national standardisation bodies, as well as
experts and technicians from 163 countries participating in-person or
virtually.
Holding the meeting in the UAE for the second time reaffirms the
country’s support for and application of best practices in
standardisation and its alignment with international standards. The UAE
won the bid to host the meeting following the ISO’s 2019 Annual Meeting
in Cape Town, South Africa, where the UAE received 64 votes and Denmark
received 44. The outcome of the vote reflects the UAE’s leading global
role in the field of standardisation and the ISO members’ confidence in
MoIAT’s ability to host this meeting. It also highlights the UAE’s
efforts to complement international standards to strengthen the
industrial sector, support global competitiveness indices, and enhance
development goals through advanced and sustainable quality
infrastructure.
The annual meeting, the most crucial event in ISO’s calendar, will
highlight the UAE’s leading regional and international role in
standardisation. It will also reflect its capabilities in quality
infrastructure and highlight its Make in the Emirates campaign. This
campaign signals a new phase of enabling and stimulating the industrial
sector, driven partly by the quality infrastructure ecosystem, which is a
fundamental pillar of the National Strategy for Industry and Advanced
Technology. Quality infrastructure is also vital to creating a conducive
and attractive business environment for local and international
investors, supporting national industry, and enhancing its
competitiveness in local and international markets.
The Make it in the Emirates campaign supports national efforts to
enhance the competitiveness of local products regionally and
internationally and meet the requirements of the business sector and
consumers in terms of products and services, in line with the nation’s
efforts to boost bilateral trade as part of its bilateral agreements
with countries around the world.
The event will include several discussions focused on specialised
topics. Several UAE government officials, private sector
representatives, and experts will participate in the sessions alongside
MoIAT’s participants, who include Sarah bint Yousef Al Amiri, Minister
of State for Public Education and Advanced Technology; Omar Al Suwaidi,
Under-Secretary of the Ministry of Industry and Advanced Technology; and
Dr Farah Ali Al-Zarouni, Acting Assistant Under-Secretary for the
Standards and Legislation Sector at the Ministry of Industry and
Advanced Technology.
Regional and international standardisation experts will also participate
in specialised sessions that highlight the role of standards in
boosting competitiveness and supporting SDGs.
MoIAT represents the UAE in the ISO as it is responsible for issuing
standards and technical and metrological regulations through technical
committees and expert taskforces.
Panel reviews federal budget 2023 in light of recent developments
