https://adgully.me/post/2025/ministry-of-finance-kicks-off-2023-acfe-fraud-conference

Ministry of Finance kicks off 2023 ACFE Fraud Conference

Dubai : United Arab Emirates: Today, the 2023 ACFE Fraud Conference Middle East kicked off, which is being hosted by the UAE under the patronage of the Ministry of Finance (MoF) and in cooperation with the Association of Certified Fraud Examiners (ACFE). The Conference will be held in Dubai on 8 and 9 May 2023 at Fairmont The Palm – Dubai. More than 300 anti-fraud leaders and experts from various sectors in the Middle East are participating in the conference to discuss the latest trends and tools used in the fields of fraud detection and prevention.Her Excellency Mariam Al Amiri, Assistant Undersecretary for Government Financial Management Sector at Ministry of Finance, delivered the opening speech, during which she welcomed the participants and thanked the ACFE for hosting this conference in the UAE and for their role in executing sustainable initiatives in secure business environments.Her Excellency Al Amiri noted that the online payments segment has made great strides since its inception back in the mid-1990s, and the rapid development of online banking, shopping, and other services, driven by technological advancements, has resulted in a significant rise in digital payments on all types of devices.Al Amiri mentioned that technological advancements and digital initiatives are providing fraudsters with new tools to penetrate defences, noting that over the past years, there has been a major increase in fraud cases worldwide, with consumers reportedly losing billions of dollars, especially in the Middle East.Al Amiri said: “Fraud poses a serious threat to us all. If we want to protect our economies, we need to work hand in hand to combat fraud, and that’s why we are here today. We have gathered to explore the best means of detecting and preventing fraud, as well as ways to raise the levels of compliance and internal control in an optimal manner. This is in addition to discussing ways of consolidating integrity in the public and private sectors in the Middle East, as well as the best practices and global issues that have emerged in light of the developments the world is witnessing in the fields of finance, technology, and sustainability.”Al Amiri added: “If we want to make our region secure for regional and international investors, we must collaborate to foster a transparent environment. I am proud to come from a country that has been a frontrunner in this field. Since its establishment, the UAE has positioned itself as a business hub. Our country has always been keen on devising strategies to make doing business easier, attract foreign investors, and diversify sources of the national income, and we are equally dedicated to combating fraud, money laundering, and corruption in order to create a secure investment climate.”Al Amiri noted that UAE government entities are developing and implementing nationwide initiatives to raise awareness about fraud detection and prevention, such as the National Fraud Awareness Campaign that was launched to protect consumers from financial cybercrime and fraud. The campaign went a long way in educating the public about fraud and the means of preventing it. “At the Ministry of Finance, we take our role in safeguarding the business climate very seriously. This falls within our remit to regulate all financial services as per the highest standards of quality, efficiency, and transparency. It is also part of our ongoing endeavours to strengthen the UAE’s competitiveness in the fiscal and economic field,” she added.Al Amiri stated: “The Ministry of Finance deploys the best modern financial systems to reduce fraud, through systems that define financial and administrative powers, the policies followed in establishing and monitoring accounts with banks, and the powers to sign and approve financial payments. This is inline with our commitment to apply best practices that reduce the risks of fraud. Despite the widespread use of digital technology and its risks, it has contributed in some way to reducing the occurrence of fraud and exploitation of individuals, through strict and meticulous regulatory systems."Al Amiri noted that the Ministry of Finance has developed the anti-fraud manual in 2018 to combat fraud in the federal government with the aim of enhancing transparency and integrity as well as reducing corruption, and the manual is implemented by all federal entities. Also, she mentioned that the ministry holds training workshops on an annual basis for all federal entities on enhancing the application of the anti-fraud manual in the federal government.Al Amiri also noted that the ministry established a secure and confidential communication channel that can be accessed by all our stakeholders. Through the channel, they can report any cases of corruption or other violations that have occurred or are planned at the ministry without any fear of retaliation.At the end of her speech, Al Amiri stressed the UAE’s commitment to supporting the region’s ongoing efforts to combat fraud and maintain the stability and integrity of the fiscal systems. Al Amiri said: “Together, we can promote accountability and transparency in the public and private sectors and create a secure business environment to boost prosperity across the region. Today and tomorrow, we look forward to discussing ways of safeguarding our investment climate, and sharing our experience and expertise to help reduce fraud cases in the Middle East.”Bruce Dorris, President and CEO of Association of Certified Fraud Examiners (ACFE) said, “We greatly appreciate the support and partnership with the UAE Ministry of Finance for our eighth Middle East Fraud Conference. With new fraud threats arising everyday, it is important to have events like this one to learn from financial crime experts and one another so that we can prevent these frauds from greatly impacting our businesses and governments. The Ministry of Finance has demonstrated their commitment to the anti-fraud community by being a part of this conference.”The first day of the conference included two panel discussions; the first was titled “Operational shifts and their impacts on the financial industry”, and the second was titled “Managing fraud risks in sustainability initiatives”. Additionally, a panel session was held on the evolution of fraud in the global financial market, in addition to an optional session on how to pass the CFE exam.On the second day, a symposium will be held under the title “Harnessing the power of fraud technology” in addition to a panel discussion titled “Navigating fraud-related compliance and ethics challenges”. Moreover, there will be a workshop on Fraudsters’ modus operandi and the differences between “traditional” fraud and cyberfraud.
https://adgully.me/post/1916/emirates-publishers-association-holds-its-agm

Emirates Publishers Association holds its AGM

Dubai: The Emirates Publishers Association (EPA) held its annual General Assembly meeting on 26 April, marking the largest gathering of the EPA board and executive office for the year. This year’s event was particularly significant as it involved the voting and election of a new board.The voting for the new board members resulted in the election of Abdullah Al-Kaabi from Dar Al-Ramsa Publishing House, Muhammad bin Dakhin from Dar Al-Takhayal Media, Amira Boukadra from Ghaf Publications for Book Trading, Fatima Al-Khatib from Dar Sidra Publishing Services, and Abdullah Al-Sharhan from Dar Ajyal Publishing.The General Assembly serves as a platform for EPA members to present the new year’s plan and discuss the previous year’s report, most notably the hosting of the sixth edition of the Arab Publishers Conference, which witnessed the participation of more than 400 guests and a group of specialists to shed light on the challenges facing the publishing sector in the Arab world.Distinguished representatives from the Ministry of Community Development attended the meeting and contributed valuable insights to the proceedings. Their expertise was especially vital in addressing critical agenda items, including approving the Board of Directors’ annual report and the current year’s programmes, activities, and budget plan. Furthermore, the EPA’s bylaws were amended to reinforce the association’s role in serving its members and promoting the growth of the publishing industry. The attendees also discussed the EPA’s achievements from the previous year, which included noteworthy workshops, sessions, and participation in local and international exhibitions.Rashid Mohammed Al Kous, Executive Director of the Emirates Publishers Association, said: “The General Assembly is an important annual event for the EPA during which we review our accomplishments, set new goals, and elect a new board; this year’s meeting was particularly significant as we made key changes to our bylaws to bolster the association’s ability to serve its members better.” The Emirates Publishers Association aims to achieve a qualitative leap in its activities, particularly in distributing and marketing books. Moreover, the association remains a key driving force in championing reading and literacy nationwide, firmly dedicated to instilling a passion for books and learning among all members of society. The association continues to play a vital role in promoting reading and literacy throughout the country, as it recognises the importance of fostering a love of books and learning for everyone.
https://adgully.me/post/589/uae-cabinet-approves-new-law-regulating-public-private-sector-partnerships

UAE cabinet approves new law regulating public-private sector partnerships

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting held at Qasr Al Watan Abu Dhabi.The meeting was attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; and H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Court. Sheikh Mohammed bin Rashid Al Maktoum said: "I chaired the Cabinet meeting at Qasr Al Watan in Abu Dhabi. We reviewed the UAE’s competitive and development indicators. Our commercial and development sectors surpassed pre-pandemic growth." Sheikh Mohammed bin Rashid noted: "Under the leadership of my brother Mohamed bin Zayed, the UAE has managed to overcome the COVID-19 pandemic. Our country has become globally prominent for its significant economic growth and development." Sheikh Mohammed bin Rashid Al Maktoum added: "The number of global indices topped by the UAE rose from 121 to 156 indicators. We ranked among top 10 in 432 global indicators, compared to 314 pre-pandemic. We are the first in the world in terms of security and safety, infrastructure, flexibility of regulations, and more."He said: "The UAE’s foreign trade exceeded AED 1 trillion, compared to AED 840 billion pre- pandemic and this year’s economic growth exceeded 22%."He added: "Our tourism sector’s revenues surpassed AED 19 billion in the first half of 2022. The total number of hotel guests reached 12 million, achieving 42% growth, and we expect a strong tourism performance in this winter season."His Highness noted: "During the Cabinet meeting, we approved a new law enhancing partnership between government and private sectors... Also, we approved the licensing of the first electric cargo aircraft in the region fully powered with clean energy."The Cabinet meeting reviewed the achievements of the country at the global level, where the UAE ranked first in 156 global indicators for the year 2022, compared to 121 indicators in 2020. Also, the UAE has ranked among the top five in 288 global indicators this year, compared to 189 in 2020. The UAE has been among the world’s top 10 list in 432 indicators, compared to 314 in 2020.The Cabinet also reviewed the UAE’s significant growth in economic and trade indicators, as the Constant Price GDP growth rate for the first quarter of 2022 reached 8.4%, with a total of AED 399 billion, compared to AED 368 billion in the same period of 2021. The UAE’s foreign trade recorded a leapfrog of more than 50%, with a total of AED 1.060 trillion during the first half of this year, compared to AED 702 billion in the same period of 2020.The Cabinet reviewed the achievements of the tourism sector in the country in the first half of the year 2022. The results showed an increase in tourism's contribution to the national economy by 12%. The number of hotel guest establishments increased by 42% with a total of 12 million guests, compared to 6.2% before COVID-19 pandemic. The total revenues of the sector amounted to AED 19 billion, during the first half of 2022.New opportunities of partnership with the private sectorThe Cabinet approved the issuance of a federal law regulating the partnership between the federal authorities and the private sector in the UAE. The law aims at organizing partnership between both sectors, encouraging the private sector to participate in development and strategic projects, increasing investment in projects of economic and social values, and enhancing the competitiveness of projects in the local, regional and global markets.The banking sector supporting financing programs The Cabinet approved a suggested federal law decree to amend the Federal Law No 14 of 2018 regarding the Central Bank and Organization of Financial Institutions and Activities, aiming to achieve a balance between rights and duties in the banking sector.The amendment on the federal law also aims at ensuring compliance with the directives and decisions of the Central Bank, and limiting the phenomenon of financial stumbling, legislations for medical facilities and veterinary profession.Also, the UAE Cabinet meeting approved amendments on the Federal Law regarding private health facilities, including gradual administrative and financial penalties on violating medical facilities.The Cabinet approved the issuance of a federal law concerning Practice of Veterinary Medicine Profession. As per the law, practicing this profession requires a license to practice the profession, and a public registry in the Ministry of Climate Change and Environment to register veterinarians and those working in the veterinary paramedical professions in the country.The Cabinet meeting agreed on the procedures of temporary licensing to operate a new type of cargo aircraft, within the UAE Regulations Lab at the General Secretariat of the UAE Cabinet. The temporary licensing aims to achieve the requirements of alternative and green energy, and reduce shipping costs on both suppliers and consumers.The Cabinet approved the restructuring of the Emirates Youth Council 2022, headed by Shamma bint Suhail bin Faris Al Mazrui. The Cabinet also approved adding all professions related to medical and health sector in the country within "Nafis" programme.Also, the Cabinet approved several international agreements with a number of friendly countries, including Spain, Indonesia and Jamaica, as well as an agreement with the International Committee of the Red Cross (ICRC).