Saturday, February 24, 2024
HomeWorldUAE: MoF, AI Office and MBRCGI develop 'Rules as Code' platform for...

UAE: MoF, AI Office and MBRCGI develop ‘Rules as Code’ platform for designing financial laws and legislations – World News Network

Abu Dhabi [UAE], September 22 (ANI/WAM): As part of the new phase of transformational projects, the Ministry of Finance (MoF) and the Artificial Intelligence, Digital Economy, and Remote Work Applications Office, in cooperation with the Mohammed Bin Rashid Centre for Government Innovation (MBRCGI), announced the launch of a partnership to design a platform for adopting digital solutions in designing financial legislations and policies.
Transformational projects, based on disruptive innovations, aim to promote the UAE’s global leadership and position as an innovation hub, bring about positive change in the government work ecosystem, and promote the community’s overall well-being.
The “Rules as Code” platform builds a nationwide digital infrastructure for developing AI-based laws and legislations, that will enhance the legislative ecosystem based on digital solutions and coding to help develop financial laws, legislations and policies.
The platform will further enable individuals to review and understand the developed laws, benefit from them in their businesses, and explore innovative ideas to enrich the legislations landscape in the UAE.
The strategic partnership to implement the transformational projects was signed by Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Director General of the Prime Minister’s Office and Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs.
On the other hand, the agreement was signed by Huda Al Hashimi, Deputy Minister of Cabinet Affairs for Strategic Affairs; Younis Haji Al Khoori, Undersecretary of the Ministry of Finance; and Saqr Bin Ghalib, Executive Director at the Artificial Intelligence, Digital Economy, and Remote Work Applications Office.
Adopting emerging technology is no longer an option, but rather a necessity to enable the digital transformation of government services and achieving the strategic goals, Al Hussaini stated.
To unlock the power of emerging technologies, it is imperative for government entities to share their expertise to help innovate products and services that would benefit the UAE society, he added.
“Transformational innovations help promote wellbeing at a time when disruptive technology is making exceptional leaps that change life and work patterns,” Al Hussaini said. “This is all happening amid the emergence of new economic and business models shaped by the latest technology.”
Data transparency is gaining great importance in the government’s ecosystems as well as in the Ministry of Finance’s work. The platform being developed will provide community members with a better understanding of laws, legislation and financial policies so they can utilise them in their personal and professional lives.
Omar Sultan Al Olama highlighted that the UAE, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and pursuant the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, is embarking on a new phase focused on designing and implementing disruptive innovations, leveraging future technologies to develop new solutions in line with the leadership’s directives to design a new government work methodology that would bring about positive change and enhance the community wellbeing.
“This new phase will enable the UAE to become a centre of transformative innovations,” he noted, “The UAE government will employ artificial intelligence and advanced technology-based solutions to promote innovation, drive continuous development and lead transformational projects that keep pace with the UAE’s future-oriented vision.”
The “Rules as Code” platform, developed by the Ministry of Finance in collaboration with the Artificial Intelligence, Digital Economy, and Remote Work Applications Office, MBRCGI, and OpenFisca, utilises digital solutions and coding to streamline the process of designing financial laws, legislation and policies, thus enabling individuals to access and understand legislations and leverage them in their work.
The project, which was awarded the Edge of Government Award at the World Governments Summit 2023, is inspired by an innovation pioneered by the French government. Based on OpenFisca, the platform aims to clarify new laws, issued in digitally readable electronic code, and their impact to the concerned residents. The national UAE platform will enable Emirati citizens to access and understand the laws and legislations pertaining to their lives. In its initial phase, the ‘Rules as Code’ platform will focus on translating laws into easily manageable and comprehendible algorithms using coding to establish the national digital infrastructure, which will facilitate their utilisation and comprehension. (ANI/WAM) 


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News


Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Paris Appreciation Awards

Read More

World Polls

Read More

Short News

Read More

Indian Bureaucrats

Read More

World Talent Management

Read More

World Brand Ambassadors

Read More

Film Critics

Read More

Influencers

Read More

Video Press Release

Read More

podcasts Press Release

Read More

Social Media

Read More

Colleges Press Release

Read More

Business Press Release

Read More

Critics Press Release

Read More

Fashion Marketing Press Releases

Read More

Gaming Press Release

Read More

Finance Press Release Distribution

Read More

Creative Press Release

Read More

Animals Press Release

Read More

Tech News Press Release

Read More

Cryptomarket Press Release

Read More

Fitness News Press Release

Read More

Gadgets Press Release

Read More

Gardening Press Release

Read More

Stockmarket Press Release

Read More

Product Reviewers and Marketing

Read More

Crypto Press Release Distribution

Read More

Film Festivals Marketing

Read More

India Real Estate Marketing

Read More

Indian Medical Tourism

Read More

Travel Marketing Press Release

Read More

Health Marketing Press Release

Read More

Events Marketing Press Release

Read More

Restaurants Marketing Press Release

Read More

City Business Listing

Read More

World Import Export

Read More

PR Franchise

Read More

Radio Press Release Distribution

Read More

Movies Distribution

Read More