UAE, Russia explore ways to apply AI within financial management

The UAE, represented by the Ministry of Finance, held the second UAE-Russia Strategic Financial Dialogue on Friday at the Ministry's headquarters in Dubai.

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The meeting was co-chaired by Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, and Anton Siluanov, Minister of Finance of Russia.

The dialogue aimed to enhance cooperation and explore best ways to apply AI within public financial management, while also facilitating the exchange of expertise on best practices in digital transformation, financial governance, and technology risk management.

Attending the meeting from the UAE side were Younis Haji Alkhoori, Undersecretary of the Ministry of Finance; Saeed Rashid Al Yateem, Assistant Undersecretary for Government Budget and Revenue Sector; Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations; Shabana Aman Khan Begum, Executive Director of the Tax Policies Sector; and Saqr bin Ghalib, Executive Director at the Artificial Intelligence, Digital Economy and Remote Work Applications Office, along with several senior officials from the Ministry of Finance.

The Russian delegation included Andrey Makarov, Chairman of the State Duma Committee on Budget and Taxes, Irina Okladnikova, First Deputy Minister of Finance of the Russian Federation, Alexey Sazanov, State Secretary and Deputy Minister of Finance of the Russian Federation, and Timur Zabirov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the United Arab Emirates.