The United Arab Emirates and Russia have agreed to strengthen collaboration on artificial intelligence (AI) and digital transformation in public financial management following the second UAE–Russia Strategic Financial Dialogue, held at the UAE Ministry of Finance headquarters in Dubai.
The high-level meeting was co-chaired by UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and Russian Minister of Finance Anton Siluanov, bringing together senior government officials from both nations to explore AI-driven innovation in budgeting, payroll management, and revenue forecasting.
Al Hussaini described the talks as a reflection of the UAE’s commitment to advancing financial innovation and digital governance. “The use of AI in budgeting, payroll management, and revenue forecasting provides a great opportunity to enhance government performance,” he said, noting that the UAE–Russia partnership “stands out as a distinguished model of strategic cooperation in the financial sector.”
Siluanov commended the UAE’s growing role as a regional financial hub and reaffirmed Russia’s interest in expanding joint initiatives. He highlighted that trade between the two countries reached AED 24.4 billion (USD 6.6 billion) in the first half of 2025, underscoring the strength of bilateral economic relations.
The dialogue featured three technical sessions focusing on the application of AI in budget formulation, payroll management, and the digital economy, including presentations on the “Smart Payroll Officer” concept and AI-enabled tools for improving revenue collection and expenditure efficiency.
Both sides agreed to deepen cooperation through regular technical meetings, knowledge exchange, and new pilot projects aimed at enhancing financial forecasting and resource allocation.
Al Hussaini and Siluanov concluded by reaffirming their commitment to sustainable development and innovation-driven governance, positioning AI as a cornerstone of future public financial management in both nations.
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