Sharjah 24th – WAM: In the presence of the President His Highness Sheikh Mohammed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, presented the ceremonial sash of Mohammed bin Rashid to Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, in recognition of his record of achievement and effort in the service of the United Arab Emirates.
Sheikh Mohammed bin Rashid affirmed that Sheikh Mansur leads a number of vital files which are fundamental to the national affairs and strategies of the UAE which aim to serve the interests of the country and its people.
“In the presence of my brother, the President of the State – may God protect him – today we honor my brother Sheikh Mansour bin Zayed for his outstanding efforts in the service of the United Arab Emirates,” Sheikh Mohammed said.
“Sheikh Mansour is responsible for the Central Bank, which regulates the region’s largest banking sector and oversees government policies through the Ministerial Development Council, while managing the Emirates Investment Authority which owns assets worth more than AED 300 billion. He effectively monitors all files assigned to him by the rulers of the UAE. Mansour is a top-notch statesman and economist.
Sheikh Mohammed added: “While taking over the emirates file, Sheikh Mansour managed to employ 28,000 people in just one year and increased their representation in the private sector by 70% in a few months… Mansour is the one of the great extensions of Zayed and one of the great pillars of the nation.
The awarding to Sheikh Mansour bin Zayed Al Nahyan of the sash of Sheikh Mohammed bin Rashid comes in recognition of Sheikh Mansour’s contributions and achievements in a number of development issues and sectors in the United Arab Emirates. He has been responsible for key executive and development files and new federal government policies since 2009 as Deputy Prime Minister and Chair of the Ministerial Development Council.
Sheikh Mansour is also responsible for the Central Bank of the United Arab Emirates and all its development and regulatory plans in the country’s banking sector, which is the largest in the Middle East with liquidity in excess of AED 3.5 trillion. .
Sheikh Mansour also helped establish and manage the Emirates Investment Authority (EIA), which oversees the management and investment of all federal government assets and ranks seventh among Arab sovereign wealth funds, with 322 billion AED of assets under its control.
Sheikh Mansour also oversees several national sovereign files as Minister of the Presidential Court, including those related to serving citizens and monitoring the implementation of all presidential initiatives in the country.
Mansour bin Zayed: decades of service to the nation
Sheikh Mansoiur accompanied the late Sheikh Zayed bin Sultan Al Nahyan and benefited from his inexhaustible knowledge and learned in his unique school of leadership and management from an early age, through his presidency of the Court of the Founder, Sheikh Zayed, of 1997 until his death in November 2004.
Through his position as Minister of Presidential Affairs since 2004, “The Presidential Court Today”, Sheikh Mansour also worked with the late Sheikh Khalifa bin Zayed Al Nahyan, until his death in 2022. During this period, the ministry was an example of efficiency. and the competence to provide the highest levels of support and service to the President.
Since 2009, Sheikh Mansour has been Deputy Prime Minister. Sheikh Mansour also chairs the boards of a number of key federal authorities and establishments: Chairman of the Emirates Investment Authority since 2007; and President of the Central Bank of the United Arab Emirates in 2020.
Sheikh Mansour chairs the Ministerial Development Council, one of the most important committees that supports and assists the UAE Cabinet. The Council met several times in 2022 to deliberate on various projects during which it approved more than 313 resolutions and projects in various government sectors. It is seen as one of the key committees supporting the UAE Cabinet to keep pace with recent ministerial changes, which is in line with future government priorities to achieve development leaps in vital sectors and promote the status of the United Arab Emirates locally and globally.
Sheikh Mansour is also the Chairman of the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), which is the local authority responsible for agriculture, food safety, food security and biosecurity in the emirate of Abu Dhabi. It aims to develop a sustainable agriculture and food sector and protect animal and plant health to enhance biosecurity and ensure food security. Furthermore, the authority is responsible for the preparation of plans, programs and activities in the field of agriculture, food safety and food security.
Sheikh Mansour oversees the Scholarship Coordination Office (SCO). It was established in 1999 under the direct supervision of Sheikh Mansour Bin Zayed Al-Nahyan. Every year, outstanding Emirati students are selected to travel abroad to pursue their education at prestigious international universities. The Distinguished Student Scholarships (DSS) and Scholarship Abroad Program (SASP) are awarded annually by the Government of the United Arab Emirates. The DSS contributes to the continued advancement of the United Arab Emirates in the 21st century by supporting the training of the country’s future leaders. The scholarship provides top students from the UAE with support to attend prestigious international universities. Upon completion of their university education, graduates return to the UAE to take up leadership positions in the country’s public sector.
Sheikh Mansour also chairs the Board of the Khalifa Prize for Education. It was created to enrich the development of the field of education and enable effective interaction between local, Arab and international contributors in the field. The objective of the Prize is to inaugurate a new dynamic in the educational process, in step with contemporary advances in scientific knowledge and information technology.
Sheikh Mansour is also chairman of Al Jazira Sports Club in Abu Dhabi; the Chairman of the Board of the Emirates Racing Authority; the Chairman of the Board of the Emirates Arabian Horse Society; and the Chairman of the Board of the Abu Dhabi Equestrian Club.
Sheikh Mansour is particularly interested in the Emirati tradition and wishes to anchor it in the minds of children and adolescents in order to promote national identity and the feeling of belonging, in particular through horse racing. In this regard, Sheikh Mansour supports camel races and attends their competitions, seeing camel races as one of the key tools to revive the authentic heritage of the UAE and preserve the ancient traditions of the people of the Emirates.
Emirates Investment Authority
Emirates Investment Authority (EIA), headed by Sheikh Mansour bin Zayed Al Nahyan, has achieved significant successes which have helped increase its investments in the UAE and abroad. As the custodian of the federal assets of the UAE, the EIA is mandated to strategically invest funds allocated by the federal government to create long-term value for the UAE and contribute to the future prosperity of the country. . In a short time, the EIA has uniquely positioned itself to become an invaluable partner for significant, world-class investment opportunities locally, regionally and internationally.
Forbes Middle East claimed in 2022 that the Emirates Investment Authority ranks as the seventh largest Arab sovereign wealth fund, with assets under management of approximately AED322 billion. Employing conservative investment strategies in line with global best practices, EIA prides itself on its highly diversified investment portfolio, spread across a variety of investments and instruments that are carefully and carefully managed to ensure superior returns. risk-adjusted to provide long-term financial results. value in UAE.
EIA’s capital is strategically deployed and monitored to ensure that the risks involved in each of the underlying assets are within limits and that investment activities generate the desired financial objectives.
Improving the competitiveness of the financial sector
While leading the CBUAE, Sheikh Mansour was able to achieve a wide range of strategic objectives, including supporting the competitiveness, diversification and growth of the financial sector in line with future economic trends, establishing a sound financial infrastructure and promoting the future of the FinTech and the digital transformation of the UAE. Thanks to the shrewd vision of Sheikh Mansour, the apex bank of the United Arab Emirates was able to contribute significantly to the monetary and financial stability of the country by developing the regulatory and supervisory framework for licensed financial institutions and by strengthening confidence in the services country’s finances.
Emiratization: absolute priority
Emiratization is one of the critical issues that the UAE leadership is prioritizing. Based on this importance, Sheikh Mansour seeks to achieve a set of centrally important strategic goals through the Emirati Executive Competitiveness Council “Nafis”. NAFIS is a federal program aimed at increasing the competitiveness of UAE human resources and empowering them to take up jobs in the private sector. Launched under the “Projects of 50”, the program aims to accelerate the UAE’s development journey and boost the economy. Since its inception, the program has contributed to the enrollment of more than 50,000 citizens in the private sector, an increase of 70%. Since the launch of the program, more than 28,700 people have entered the private sector.
In addition to the vital files for which Sheikh Mansour bin Zayed Al Nahyan is responsible at the national level, Sheikh Mansour has effectively contributed to the strengthening of the international relations of the United Arab Emirates and in the service of its objectives and interests at the regional and global levels, through his visits to the United Arab Emirates. and Meetings with senior officials from around the world mandated by the President of the United Arab Emirates, in particular with regard to economic and development issues.