UAE - MoF launches upgraded version of Emirates Gate system
Saturday, 04 25 2020, Category: Economy, Country: U.A.E
As part of its ongoing efforts to enhance financial systems, global competitiveness of the United Arab Emirates, and to adhere to the updated requirements of the IMF’s Government Finance Statistics Manual, the Ministry of Finance launched the upgraded version of the Emirates Gate system for government financial statistics reports.
Founded in 2012, the updated system is part of the recommendations of the Government Financial Policy Coordination Council, which is chaired by Younis Haji Al Khoori, Undersecretary of MoF, Chairman of the Government Financial Policy Coordination Council, and board members from UAE governments and the Emirates Central Bank.
Saeed Rashid Al-Yateem, Assistant Undersecretary of the Ministry of Resources and Budget, highlighted the importance of cooperation between the Ministry of Finance and all financial departments in the Emirates to develop an intelligent system for Emirates Gate for government financial statistics reports. The system links all the Emirates’ financial departments with the electronic financial system of the Ministry of Finance through artificial intelligence.
Source: Gulf Today