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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 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...

UAE currently does not intend to increase VAT

The Ministry of Finance (MoF) has denied any plans currently to raise the Value Added Tax (VAT) in the United Arab Emirates. VAT is...

MoF virtually holds Government Financial Policy Coordination Council’s second meeting for 2020

The Ministry of Finance (MoF) virtually held the Financial Policy Coordination Council’s second meeting recently. H.E. Younis Haji Al Khoori, Undersecretary of MoF and...

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