GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share

Dubai, UAE – 07 February 2019

The Government of Umm Al Qaiwain has signed a cooperation agreement with Emirates Auction, the leading company in the field of management and organization of public and online auctions in the Middle East. The cooperation agreement states that the company is responsible for organizing exclusive auctions on assets owned by all the departments that fall under the Emirate's Government.

The agreement was recently signed at the headquarters of the Executive Council of Umm Al Qaiwain, in the presence of Sheikh Saif bin Rashid Al Mu'alla, Chairman of the Economic Development Department of Umm Al Qaiwain; and Sheikh Abdullah bin Saud bin Rashid Al Mualla, Chairman of the Department of Finance in Umm Al Qaiwain. The agreement aims to strengthen the cooperation between the two sides in the field of organizing online auctions, which will contribute to reducing the time it takes to complete procedures for the transfer of assets, as well as ensuring the highest rate of returns. These returns are then invested in developing services and launching projects that serve the community, while also taking into account the standards of environmental conservation.

The cooperation agreement was signed by both HE Khalifa Saeed Ghanim, Director-General of the Department of Finance in Umm Al Qaiwain; and HE Abdulla M. AlMannaei, Chairman and Managing Director of Emirates Auction; in the presence of a number of directors and officials from the Department and the company.

HE Khalifa Saeed Ghanim, Director-General of the Department of Finance in Umm Al Qaiwain, stated that the cooperation with Emirates Auction is part of the Department's efforts to build and develop systems that aim to improve performance and speed up transactions in order to achieve the desired objectives. 

Ghanim added that the agreement stems from the Department's keenness to implement its vision of adopting the latest technologies and best practices in the government of Umm Al Qaiwain, as well as achieving its mission to adopt advanced systems that keep pace with the UAE's progress, in addition to ensuring that the Department's strategic objective to improve government performance is accomplished in accordance with the highest standards of excellence.

HE Abdulla M. AlMannaei, Chairman and Managing Director of Emirates Auction, stated that the company is keen to harness its expertise and capabilities in order to serve the goals and objectives of the Department in accordance to the agreement signed between the two sides, which ensures the quick sale of assets, as well as helping to save time, effort and costs.

Under the agreement, the two sides agreed to strengthen their existing partnership by allowing Emirates Auction to hold exclusive online auctions on assets owned by all the departments of the Government of Umm Al Qaiwain, which comes in light of the great success that the company has previously managed to achieve for its partners, whom consist of government departments from all around the country.

Emirates Auction has created an online market with more than 1.3 million bidders, which prompted many institutions in the UAE to capitalize on this dynamic market by strengthening their growing partnership with the company. This online market has made it easier to sell any type of asset in the shortest amount of time and at the highest prices.



Posted by : GoDubai Editorial Team
Viewed 3745 times
Posted on : Thursday, February 7, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Dubai Customs receives Oman Chamber of Commerce delegation
Next Story : Emirates Post celebrates Human Fraternity Meeting with Commemorative Stamp
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Delightful Duo Of Elegant Timepieces Make For A Special Valentine Day's Gift
Nothing says ‘I love you' quite like MKS Jewellery Valentine's Day Top Picks
Mesmerizing Gift Sets and Perfume for Her
Classic Smoky Eyes with Essence
Introducing Supergirl Make-Up
The Rado HyperChrome Ultra Light
Chronoswiss Shows Off Twin Limited Edition Flying Grand Regulators
Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And ...
Le Meridien Al Aqah Beach Resort Rolls out Fabulous Deals for February
The Valentine watch collection by Coach
GUESS Launches JEANS SS19 Collection for Women
212 VIP Extra Limited Edition
NuFACE launches in Bloomingdales and Harvey Nichols!
Lenovo announces Lenovo Truscale™ Infrastructure Services – a consumption-based,...
Chrono 4 Grande Taille Limited Edition - another classy reiteration of an iconic...
The Fall 2019 Michael Kors Collection Runway Show
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, bef...
Dubai's first building biologist receives global recognition
Exclusive position in the front row of the grid: The BMW M850i xDrive Coupe Firs...
Robinsons to launch its new luxury lighting department – the latest addition to ...
UAE supermarket chain Al Maya group to launch products from Woolworths Australia
Airbus and Emirates reach agreement on A380 fleet, sign new widebody orders
Is the runway ready for HONOR View20 Moschino edition - the season's most covete...
Caroline Wozniacki chasing more success at Dubai Duty Free tennis championships
Valentines Day Gift Guide from Anker
Create a Valentine's meal to remember with LG
Jaguar Land Rover expands Ingenium family with straight six-cylinder petrol engine
SPRING 2019: MEET ‘CECE'
Greece partners with VFS Global to launch Visa Application Centres in the Kingdo...
Abu Dhabi University and Knowledge Group to participate in IDEX 2019
Okadoc helps UAE patients find a doctor and book an appointment online instantly
Customs World develops RIISE: first of its kind leading-edge Customs platform
Wellness Saturdays with H Retreats
Zayed University inaugurates largest Bloomberg Finance Lab in the Middle East
39 days shopping extravaganza brought grand success to 13 participating malls
10 things you didn't know about Space Grill
Lacoste Presents. 12. 12 Collection
H.E. Minister Buhumaid leads Dubai Cares' Walk for Education alongside 15,000 pa...
The Retail Summit officially opens
HH Sheikh Saeed Bin Hamdan Al Maktoum Cup First Ever 30 Goal Handicap Exhibition...
DAFZA to showcase its premium services to the F&B Industry at Gulfood
Ajman Free Zone announces official commitment to culture of innovation at “Digit...
Pop Star Melissa endorses Talentology 2019
Airbus to participate in the International Defence Exhibition and Conference (ID...
Celebrate Valentine's Day with IKEA
NZMP launches innovative new ingredients at Gulfood 2019 to meet growing demand ...
Bentley launches World's fastest, most luxurious SUV
Kasih Food Production Co. reveals its latest food innovation, Mezete, at Gulfood 2019
Ethihad Airways to Deploy Latest Generation 787 Dreamliners on all its Flights t...
Hundreds of local pupils to champion inclusion at schools ahead of Special Olymp...