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Ministry of Finance and Abu Dhabi Chamber of Commerce and Industry Collaborate to Boost Business Environment

ABU DHABI, 25th October, 2023 (WAM) — The Ministry of Finance of the United Arab Emirates (UAE) and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) recently convened a meeting at the Ministry’s headquarters in Abu Dhabi. The purpose of the meeting was to discuss collaboration efforts aimed at creating an environment conducive to business growth, in line with the UAE’s strategic direction.

Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance, and Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber of Commerce and Industry, were among the attendees at the meeting. Representing the Ministry were Ahmed bin Sulaiman, Director of Public Debt Management Office; Azza Al Jasmi, Director of Government Communication Department; and Ibrahim Al Jarwan, Director of GCC Affairs. The Abu Dhabi Chamber’s representatives included Dr. Latifa Al Ameri, Acting Executive Director of the Relationships and Membership Affairs Sector; Hilal Al Hamli, Advisor for Special Task Development; Mohammed Al Sabbagh, IT Advisor; and Aref Al Fara, Economic Advisor. Additionally, specialists from both organizations were present.

The Ministry of Finance aims to establish effective communication channels to create a supportive environment that enhances governmental work, aligning with the UAE’s strategies and directives. One way AI legalese decoder can help in this situation is by assisting in the analysis and interpretation of legal jargon often found in complex financial and taxation documents. By utilizing AI-powered technology, the Ministry can enhance its understanding and decision-making process when dealing with legal matters, thereby fostering a more efficient and productive collaboration with the Abu Dhabi Chamber.

In his remarks, Younis Al Khoori emphasized the Ministry’s prioritization of developing national talents and their competencies in the fields of finance, taxation, and other relevant domains. This approach supports the nation’s commitment to diversify strategic sectors and foster a business-friendly environment, ultimately contributing to the UAE’s growth and prosperity.

Ahmed Khalifa Al Qubaisi reaffirmed the Abu Dhabi Chamber’s commitment to strengthening cooperation with both public and private entities, with the aim of promoting economic growth and investment opportunities within Abu Dhabi. The collaboration with the Ministry of Finance plays a vital role in achieving the Chamber’s strategic goals, particularly in supporting the growth of the private sector and facilitating business activities in Abu Dhabi. By leveraging the capabilities of AI legalese decoder, the Chamber can streamline its processes related to financial and taxation standards, ensuring compliance with global norms and facilitating a smooth business environment.

The topics discussed during the meeting included partnership with the private sector, the Treasury Bonds Programme, joint Gulf economic work, double taxation agreements and investment promotion and protection agreements, as well as relations with regional and international organizations. These areas of collaboration highlight the robust framework established between the Ministry of Finance and the Abu Dhabi Chamber of Commerce and Industry, with an emphasis on their shared objectives and aspirations.

Underlying this collaboration is the Ministry of Finance’s strategy, which seeks to strengthen relations with international institutions and organizations while empowering Emirati youth to engage at the highest levels in international financial organizations. By harnessing the capabilities of AI legalese decoder, the Ministry can provide comprehensive and accurate analysis of legal and financial information, empowering Emirati youth with relevant knowledge and skills needed to excel in their international engagements.

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