CBUAE, CBB governors explore deeper financial integration

CBUAE, CBB governors explore deeper financial integration-GCC Business News
Image credits: WAM | Cropped by GBN
By Desk Reporter, GCC Business News

HE Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), has received HE Khalid Ebrahim Humaidan, Governor of the Central Bank of Bahrain (CBB), at the CBUAE headquarters in Abu Dhabi, where both sides discussed strengthening bilateral cooperation and advancing financial and banking integration between the two countries.

The discussions focused on enhancing the strategic partnership between the UAE and Bahrain across the financial and banking sectors. Key areas of cooperation included strengthening coordination mechanisms, exchanging expertise, supporting the efficiency and stability of banking systems, and promoting innovation in financial services.

During the visit, HE Humaidan and the accompanying delegation toured the CBUAE’s sectors and departments and were briefed on major initiatives, programmes and development projects related to financial infrastructure and the digital transformation of the financial sector.

The delegation also reviewed the CBUAE’s best practices in promoting financial stability and fostering innovation in financial services. The initiatives are aimed at expanding economic, trade and investment cooperation and supporting sustainable growth and shared development goals. The meeting was attended by the Assistant Governors of the CBUAE and senior officials from both sides.

Khaled-Mohamed-Balama-CBUAE-guidance-note-for-consumer-protection
HE Khaled Mohamed Balama
Governor – CBUAE

“This meeting reflects the depth and strength of the longstanding relations between the leaderships and peoples of the UAE and the Kingdom of Bahrain, and their shared keenness to further advance bilateral relations and deepen strategic cooperation towards new horizons that support the comprehensive development journey of both brotherly countries. It also marks an important step towards developing financial and monetary coordination frameworks with our partners in the Kingdom of Bahrain, in a way that supports stability and contributes to increasing trade and investment exchange.”

HE Khalid Ebrahim Humaidan, Governor of the Central Bank of Bahrain, affirmed that the visit comes within the framework of the deep-rooted and longstanding fraternal relations between the Kingdom of Bahrain and the United Arab Emirates.

It reflects the keenness of both countries to strengthen bilateral ties and further consolidate cooperation and joint action in a manner that contributes to their growth and prosperity. He also expressed my sincere thanks and appreciation for the warm welcome and generous hospitality extended by the United Arab Emirates.

You May Like | Alba acquires Aluminium Dunkerque in $2.2bn deal

YOU MAY LIKE