Sharjah, UAE, 5th April 2023, ZEXPRWIRE, The Sharjah Award for Public Finance is witnessing a high degree of interest ahead of the submission deadline date. The introductory roadshows organized had a clear and distinct role in presenting the award and defining its objectives. This year award has increased the number of institutional and individual categories to 17, including nine institutional and eight individual categories, open to candidates from Arab countries. In addition, it has expanded to include an award guide, technical and organizational conditions, and criteria, to be more compatible with the current financial and economic changes and challenges.
Fig: Sheikh Rashid bin Saqr Al Qasimi
Roadshows in several Arab countries
In recent months, the General Secretariat of the Award organized several introductory roadshows in Egypt, Tunisia, Morocco, and Jordan, as well as in the Sultanate of Oman and Algeria. The roadshows focused on the vision of the award, which is represented in achieving outstanding government financial performance, its various objectives, targeted entities, categories, evaluation criteria, and the terms and conditions for participating in the award. The sessions emphasized the importance of the award and its significant contributions since its inception in 2016 by advancing methodologies and applications of public money management in Arab countries in line with international best practices in planning and managing public finances.
Sheikh Rashid bin Saqr Al Qasimi, Secretary General of the Award, said, “The award enables and strengthens financial performance paths in the Arab countries to form a roadmap for excellence by adopting its standards institutionally and individually, and contributing to giving a strong and effective impetus to outstanding performance in the Arab financial sector.”
The first of its kind in the Arab world
He added: “The award is the first of its kind in the Arab world and contributes effectively to developing the capabilities of institutions and individuals, helping them to play a pivotal role in supporting the economy and investing to serve people and sustain the quality of life.”
He explained that it enables the financial sector to be a successful and sustainable lever for development in Arab countries through continuous measurement and evaluation of adherence to standards of excellence related to the financial industry at the government level in Arab countries.
In addition, it enriches competitiveness as they strive to achieve the optimal level of performance and successful financial management practices and experiences. He noted that the award represents a qualitative addition to the path of translating the directives of the Government of Sharjah based on the vision of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on the importance of adopting initiatives to develop people and the economy.
He pointed out that the award was established in 2016 to root the culture of excellence and the development of administrative thought, to give a single identity to various government agencies, titled “Efficiency and Excellence”. It is based on a vision: a leading and distinguished Arab award in public finance. Its mission is to promote and disseminate a culture of quality and excellence as an approach to developing and improving the performance of Arab financial institutions through adopting and applying excellency standards and exchanging experiences and best practices in financial management.
For additional information and business inquiries, please contact: https://www.sfd.gov.ae
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Finance Tailored journalist was involved in the writing and production of this article.