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Ministry of Finance: companies that engage in any Relevant Activity must submit a notification of Economic Substance Regulations to its Regulatory Authority

The Ministry of Finance (MoF) indicated that all companies in the United Arab Emirates that engage in any of the Relevant Activities within the...

Ministry of Finance announces successful implementation of Procure-to-Pay

The Ministry of Finance (MoF) announced the successful implementation of Procure-to-Pay (P2P), which facilitates the procurement process and e-approval of purchase orders and requests...

Ministry of Finance successfully launches phase one of Accrual Accounting Programme

In line with itsefforts to improve financial planning in the country in accordance with best international practices, the Ministry of Finance (MoF) announced today...

Ministry of Finance announces three new decisions for federal entities in the UAE

The Ministry of Finance (MoF) issued three new decisions for federal entities across the UAE, as part of its remit to revise and reduce...

Ministry of Finance holds remote training session on financial systems (Payment System)

The Ministry of Finance (MoF) held a remote training session for users of the federal financial system - Oracle - in government entities. The...

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