The
Finance Ministry UAE has the responsibility for the implementation of all the monetary, fiscal, as well as industrial policies for the total economic growth of United Arab Emirates. The Finance Ministry of UAE is headed by the Finance Minister.
The Finance Ministry of UAE is also known as the Ministry of Finance and Industry (MOFI).
At present, the Finance Minister of the United Arab Emirates is His Excellency Sheikh Hamdan bin Rashid Al Maktoum. For running the ministry, he gets the support from the Minister of State for Finance and Industry, His Excellency Dr. Mohamed Khalfan bin Khirbash.
The Ministry of Finance of UAE performs the formulation of government accounting and fiscal policies, preparation of the federal national budget of UAE, as well as the maintenance of the federal accounts. It also supervises collection of revenue, expenditure control, government purchases, as well as asset management. It prepares and executes policies for industrial growth.
Following are the areas of responsibilities of the Finance Ministry of UAE:
- Preparing federal government budget and closing accounts
- Administration and management of industrial intellectual property rights and patent office
- Administration of expenditure and budget control
- Administration and collection of government revenue
- Formulation of government accounting and fiscal policies and entering operation
- Supervision and administration of the purchases of the government
- Supervision and administration of the assets of the government
- Preparation and execution of industrial growth plans
- Formulation of industrial standards and specification
- Formulation of industrial plans of action for private sector
The departments under the Ministry of Finance in UAE are the following:
- Accounting and Audit Division
- Revenue and Budget Division
- Industrial Affairs Division
- Property and Purchases Division
- Information Systems and Administration Division
Contact Details:
Finance Ministry of UAE
P.O. Box 433
Abu Dhabi
United Arab Emirates
P.O. Box 1565
Dubai
United Arab Emirates
Tel: 6726000 2 00971/3939000 4 00971
Fax: 6768414 2 00971/3939738 4 00971