WAM ABU DHABI, May 12th, 2013 (WAM)– The UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, said that the continuous development of the federal government laws and financial systems primarily aims to preserve the public fund and consolidate accountability and transparency regarding the state’s general revenues.
Sheikh Mohammed’s remark was made during the Cabinet session held today at the Presidential Palace.
H. H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior and H. H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs attended the Cabinet session.
The Council of Ministers approved the bylaws of the federal law on the state’s general revenues. The new bylaw No. 01 of the year 2011 on the state’s general revenues is aimed at coordinating financial policies, upgrading the efficiency of law and financial systems to support the general budget, specifying rights and terms of reference for revenue generating authorities, exercising control over revenues to achieve transparency, as well as to oblige authorities to set strategies to develop sources of revenue.
The Cabinet also endorsed the agreement between the UAE and the International Air Transport Association (IATA), which includes a request from IATA to open a regional office in Abu Dhabi to support its activities in the region.
Sheikh Mohammed said the agreement indicates that the UAE has become a regional and international hub for the aviation industry and the hosting of aviation events. He added that the office would add more expertise and knowledge to Emirati cadres regarding the streamlining of international air traffic.
The Council of Ministers approved an amendment to restructure the Board of Directors of the Federal Electricity and Water Authority (FEWA). Eng. Ayesha Omer Al Midfa, Director of Infrastructure projects at the Ministry of Public Works was named as a member to replace Dr Abdullah Belhaif Al Nuaimi, Minister of Public Works.
The Cabinet approved the restructure of the Board of Directors of Emirates Development Bank, chaired by Khalid Mohammed Salem Belami.
It also approved the setting up of an office for legal affairs at the Secretariat of the Cabinet at the Ministry for Cabinet Affairs. This will provide legal support and counseling to the Cabinet and the Ministerial Councils. The office will prepare legal research and studies, study draft laws and interpret memoranda and federal decrees, and enable the spread of legal knowledge among federal employees.
The Cabinet approved the agreement between the UAE and Turkey on electricity generation and the extraction of brown coal (lignite and sub-bituminous coal) from Al Bustan province in Turkey. It also endorsed the agreement between the UAE and Sri Lanka to set up a joint committee chaired by the Foreign Ministers of the two countries to strengthen the economic ties of trade and tourism.
The Council of Ministers approved a number of agreements with Niger and Montenegro in the field of aviation, as well as a cooperative agreement with France on the technology of space remote sensing.
On the sidelines of the Cabinet meeting, Sheikh Mohammed honoured employees of the ” UAE Government Leaders Programme – the second batch of Future Leaders”. He told them that the state needs distinguished and highly educated Emirati cadres in different specialisations.
“Leadership is a continuous journey of achievement and development and changing lives of people for the better,” Sheikh Mohammed said, noting that each person versed in his knowledge is a leader, and every top achiever is also a leader. And the best type of leadership is the one that makes a positive difference in the lives of others and adds something new to society.