Sharjah 24: The Board of Trustees of the Sharjah Award for Public Finance launched Thursday the second cycle of the award, the first of its kind in the Arab world, which is concerned with promoting and enabling the financial sector to be a successful and sustainable lever for development in the Arab countries, noting that new categories have been created this year, whether at the level of institutions or individuals.
The launch of the new cycle came after a four-year hiatus due to the exceptional conditions brought about by Covid-19.
The announcement came during a press conference held by the Award’s Board of Trustees, in the presence of a group of media professionals and partners in the theatre hall at the headquarters of the Finance Department Thursday morning, with the participation of Salem Yousef Al Qaseer, Chairman of the Board, and his deputy, Dr. Nasser Al Hatlan Al Qahtani, Director General of the Arab Organisation for Administrative Development and Waleed Al Sayegh, Director General of Sharjah Finance Department, and members of the Award’s Board of Trustees.
Expressing pride in launching the second cycle of the award, Salem Al Qaseer stressed that the objectives of the award are in line with the directives of the Government of Sharjah, led by His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, aiming to empower and combine efforts to develop individuals' skills, experiences, cultures and creative abilities through value creation in various works, leading to a real economy that works to build an integrated nation that works with awareness and knowledge to achieve the sustainability and welfare of society.
Dr. Nasser Al Hatlan Al Qahtani explained the role of the award in bringing about development and improvement in the concepts of public finance in the Arab world, and enabling policies and strategies related to public finance, praising Sharjah Executive Council’s Resolution No. (16) of 2022 regarding the formation of the Board of Trustees of the Sharjah Award for Public Finance, and expressed his great appreciation for the re-assignment of the Arab Organisation for Administrative Development, in coordination with the Sharjah Finance Department, to carry out the tasks of the technical management of the award in its new cycle and to implement marketing and promotion work at the level of the Arab world.
The Vice Chairman of the Board of Trustees indicated that within the award’s development plan, the number of participation categories has been raised to 17 different categories, including 9 institutional and 8 individual, with the expansion of the list of targeted candidates from Arab countries and institutions, as well as the development of the award’s terms, conditions and standards to be more compatible with the current financial and economic changes and challenges.
Sheikh Rashid bin Saqr Al Qasimi, Secretary-General of the Award clarified the award’s categories include two levels; the first is concerned with institutional categories, and the second is with individual categories, while the first level includes the following: the distinguished authority in public finance, the distinguished entity in electronic financial systems and applications, the distinguished entity in the management of financial projects, the distinguished entity in financial innovation, the distinguished authority in managing cash and sovereign funds, the distinguished authority in supervision, auditing and financial risk management, the distinguished entity in providing financial services, the distinguished entity in financial banking services, and the distinguished authority in pension fund management.
The second level (individual categories) includes the distinguished Arab financial manager, the distinguished Arab budget manager, the distinguished Arab tax manager, the distinguished Arab accounts manager, the distinguished Arab electronic financial systems manager, the distinguished Arab procurement and contracts manager, the Distinguished Arab Financial Controller, and the Distinguished Arab Financial Accountant.
The opening of the nomination for participation in the award and the start of receiving the participation files can be made through the award’s website www.sharjahawardpf.org, and filling out the nomination forms from this August until the end of January next year, in preparation for starting the work of evaluating these files by the competent committees during the months of February and March 2023 before the final results are approved by the award’s Board of Trustees in April of the same year, pointing out that the award’s introductory workshops and forums are scheduled to be held from October to December of this year, while a ceremony to honour the winners will be organised in early May 2023.
The Sharjah Finance Department is working to achieve a number of strategic objectives that lie in managing, developing and providing cash liquidity, developing the performance budget system, implementing integrated and effective financial policies, building a global model in public finance, enabling smart transformation, and implementing seven-star services, in addition to Strengthening the internal control system, empowering national human resources, developing a culture of excellence and innovation, and managing institutional performance.
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