The Ras Al Khaimah Finance Department has launched a Joint Strategic Charter in collaboration with its counterparts in the Emirates of Sharjah, Ajman, Umm Al Qaiwain and Fujairah, to promote effective partnership and collaboration across financial and accounting activities.
The launch took place in a meeting held today at the Waldorf Astoria Ras Al Khaimah.
The charter aims to significantly enhance institutional and financial performance by setting frameworks for cooperation and boosting financial and institutional performance, relying on competitive benchmarking. It also seeks to promote the exchange of knowledge, experiences, and competencies between entities to strengthen relationships and support the UAE’s agenda.
Furthermore, the charter will strengthen mechanisms for monitoring trends in the development of financial and institutional performance by designing a unified scorecard to track a set of indicators and standards. A joint strategic committee will be formed to implement the agreement, identify necessary mechanisms, spot challenges, and periodically re-evaluate the charter and offer recommendations for further development.
A series of activities and common goals will be pursued as part of the charter to support institutional performance. The agenda includes meetings, seminars and joint conferences to participate in various local, regional and global financial excellence programs, which will, in turn, support and strengthen the financial and accounting systems in the UAE,
