Ajman Finance and PwC Middle East Collaborate

In line with its mission to engage the private sector in supporting sustainable development in the emirate, the Ajman Department of Finance recently conducted a consultative meeting with PwC Middle East, a prominent global professional consulting services firm. The primary objective of this meeting was to identify opportunities for enhancing financial efficiency within the emirate by implementing best practices in government finance. Key attendees at the meeting included His Excellency Marwan Ahmed Al Ali, the Director-General of Ajman Finance; Wael Abu Zaki, Partner and Regional Director responsible for government reporting at PwC Middle East; Osama Al Tamimi, Senior Manager at PwC Middle East; and various directors from Ajman Finance.

The discussions covered a range of topics, including insights into innovative financial practices in the region, recent updates on international accounting standards in the government sector, and initial suggestions for enhancing Ajman's financial policy. These conversations underscored the department's commitment to enhancing the efficiency and effectiveness of government financial systems, aligning with the emirate's overarching vision.

During the meeting, Al Ali underscored Ajman Finance's dedication to leveraging the expertise of private sector partners to elevate the performance of the government's financial sector. This collaborative effort aims to fortify an innovative government financial system that not only enhances the quality of life in Ajman but also realizes its vision and bolsters its competitiveness. He added: “At Ajman Finance, our dedication to excellence goes beyond mere compliance - we believe in fostering continuous development within the various regulatory facets of the emirate’s financial landscape. This pursuit, essential for stimulating competitiveness and growth in the emirate, is guided by our adherence to the highest international standards and ongoing refinement of our financial policies. Through collaboration with field experts, we ensure that our strategies are in harmony with the visions of both the emirate and the UAE, in line with our core objectives and enduring commitment to enhancing the well-being of our community.”

Ajman Finance remains resolute in pursuing various strategic objectives, including ensuring the sustainability of government financial resources, enhancing the effectiveness of financial planning, adeptly managing the general budget, optimizing the efficiency of government financial systems, and developing and disseminating financial policies and knowledge. Collectively, these endeavours contribute to meeting the needs of all stakeholders involved in the process.