mediainموقع إخباري إقتصادي
عفوا، هذه المدخلة موجودة فقط في الإنجليزية الأمريكية. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.
Media IN/ DUBAI, 25th April, 2019
Today Thursday, a delegation from UAE headed by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated on in the joint annual meeting of Arab Financial Institutions, and the meeting of the Council of Arab Ministers of Finance held in Kuwait.
The UAE delegation included
- Mubarak Rashed Al Mansoori, Governor of the UAE Central Bank
- Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance, MoF
- And a number of senior officials and financial experts from the two entities.
Attendees included;
- Arab finance and economy ministers
- Governors of Arab central banks
- Heads of Arab finance institutions
- And a number of representatives of regional and international organisations, as well as financial and economic experts. The annual meetings reviewed international and regional economic developments, discussed ways to drive the Arab economic growth, and served as a platform to benefit from the experiences of other countries.Al Tayer pointed that the joint annual meetings represent an important platform to exchange views and experiences, and review Arab institutions’ achievements despite a challenging journey.
He stressed the UAE’s keenness to play a key role in developing joint Arab action in financial and economic sectors. Al Tayer also noted the need to create new financing tools and make use of the opportunities presented by the financial technological advances to include payment systems between Arab countries and new programmes to guarantee export and investments, to strengthen regional cooperation.
“We look forward to enhancing Arab financial institutions’ development role, developing their existing tools, developing new tools to meet the needs of Arab countries, improving the business environment, enhancing Arab investments and trade, and unifying legislations, policies and economic reforms,” Al Tayer said.
Al Khoori commended that the meetings with Arab Financial Institutions are essential for the coordination of Arab financial policies to meet the challenges of the global economy, and for international financial organisations such as World Bank group and International Monetary Fund to identify common grounds.
“The Arab Joint Financial Institutions play a key role in supporting the development efforts of Arab countries, and the Ministry of Finance seeks to continuously participate in similar meetings as part of its efforts to strengthen its network of regional and international relations, and to consolidated its leading position on a regional and international levels in the development and implementation of government financial policies,” he added.
The UAE is one of the main contributors to the capital of Arab institutions. The nation’s share amounts to US$18.3 billion (6.57 percent).
