emirates7 - The Ministry of Finance (MoF) recently hosted a retreat focused on Artificial Intelligence (AI), bringing together senior officials, industry experts, and strategic partners to evaluate the findings of the ministry’s AI maturity assessment and officially introduce its new AI strategy.
The newly launched AI strategy is built around six core pillars: Financial Foresight, Smart Operations, Data Governance, Capacity Development, Infrastructure, and Organisational Impact. These areas are intended to align with the ministry’s strategic goals, boost efficiency, and promote innovation throughout government financial operations.
Fatima Yousef Al Naqbi, Acting Assistant Under-Secretary for the Support Services Sector, explained that the retreat was part of the ministry’s broader efforts to embed AI best practices into a more effective and sustainable financial framework.
“AI now serves as a strategic instrument for shaping policies and delivering tangible value in financial planning and public sector management,” she stated.
She further noted that the new AI roadmap outlines a clear path to strengthen digital capabilities, foster a culture of innovation, and expand collaboration between public and private sectors to reinforce the UAE’s role as a frontrunner in financial technology adoption.
The retreat featured an in-depth overview of the AI maturity assessment, highlighting current strengths in areas such as data preparedness, workforce skills, governance, and ethical considerations.
Participants also engaged in collaborative discussions with strategic partners to interpret the assessment’s findings and align them with long-term national objectives.
Additionally, the event explored how to integrate these insights into the ministry’s overarching goals, ensuring AI initiatives contribute to sustainable growth and continuous innovation.
This retreat reflects the Ministry of Finance’s ongoing dedication to enhancing its institutional and technological capacities, advancing digital transformation, and delivering forward-looking solutions that support the UAE’s sustainability and governance objectives.
The newly launched AI strategy is built around six core pillars: Financial Foresight, Smart Operations, Data Governance, Capacity Development, Infrastructure, and Organisational Impact. These areas are intended to align with the ministry’s strategic goals, boost efficiency, and promote innovation throughout government financial operations.
Fatima Yousef Al Naqbi, Acting Assistant Under-Secretary for the Support Services Sector, explained that the retreat was part of the ministry’s broader efforts to embed AI best practices into a more effective and sustainable financial framework.
“AI now serves as a strategic instrument for shaping policies and delivering tangible value in financial planning and public sector management,” she stated.
She further noted that the new AI roadmap outlines a clear path to strengthen digital capabilities, foster a culture of innovation, and expand collaboration between public and private sectors to reinforce the UAE’s role as a frontrunner in financial technology adoption.
The retreat featured an in-depth overview of the AI maturity assessment, highlighting current strengths in areas such as data preparedness, workforce skills, governance, and ethical considerations.
Participants also engaged in collaborative discussions with strategic partners to interpret the assessment’s findings and align them with long-term national objectives.
Additionally, the event explored how to integrate these insights into the ministry’s overarching goals, ensuring AI initiatives contribute to sustainable growth and continuous innovation.
This retreat reflects the Ministry of Finance’s ongoing dedication to enhancing its institutional and technological capacities, advancing digital transformation, and delivering forward-looking solutions that support the UAE’s sustainability and governance objectives.