Abu Dhabi : Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), received Khalid Humaidan, Governor of the Central Bank of Bahrain (CBB). The meeting reviewed means to further strengthen the strategic partnership and enhance cooperation frameworks in the financial and banking sectors.
The meeting also addressed several topics of mutual interest, including developing coordination mechanisms, exchanging expertise, supporting the efficiency and stability of banking systems and advancing innovation initiatives in financial services. These efforts aim to expand the prospects for economic, trade, and investment cooperation between the two countries, while supporting sustainable growth and shared development aspirations.
The Governor of CBB and the accompanying delegation were briefed during a tour of CBUAE’s sectors and departments on the initiatives, programmes and development projects related to financial infrastructure and digital transformation in the financial sector. The visit also included a review of the CBUAE’s best practices in promoting financial stability and supporting innovation in financial services.
Balama said that the meeting reflects the depth and strength of the longstanding relations between the leadership and people of Bahrain and the UAE and their shared commitment to advancing bilateral relations and deepening strategic cooperation towards new horizons that contribute to supporting comprehensive development in both countries. He added that it also represents an important step towards developing frameworks for financial and monetary coordination with partners in Bahrain, in a manner that supports stability and increases trade and investment.
Humaidan affirmed that the visit reflects the deep-rooted relations between the two countries and the shared commitment of both countries to advancing collaboration, supporting financial sector development and advancing growth and stability of the financial sector.
