Ways to strengthen the strategic partnership and enhance financial and banking co-operation between Bahrain and the UAE were discussed during a high-level meeting yesterday.
Central Bank of Bahrain (CBB) Governor Khalid Humaidan was received by the Central Bank of the UAE (CBUAE) Governor Khaled Mohamed Balama at the CBUAE headquarters in Abu Dhabi.
Discussions covered areas of mutual interest, including developing co-ordination mechanisms, exchanging expertise, supporting the efficiency and stability of banking systems, and promoting innovation initiatives in financial services.
The move aims to broaden prospects of economic, trade, and investment co-operation, and support sustainable growth and shared development aspirations between both nations.
Mr Humaidan and an accompanying delegation toured the CBUAE’s departments, where they were briefed on key initiatives, programmes and development projects in financial infrastructure and digital transformation.
The visit also included an overview of best practices in promoting financial stability and supporting innovation in financial services.
“This meeting reflects the depth and strength of the longstanding relations between the leaderships and peoples of the UAE and Bahrain,” said Mr Balama. “It marks an important step towards developing financial and monetary co-ordination frameworks with our partners in Bahrain, in a way that supports stability and contributes to increasing trade and investment exchange.”
Mr Humaidan affirmed that the visit comes within the framework of deep-rooted fraternal relations. He reflected on both countries’ keenness to further consolidate joint action to contribute to growth and prosperity, expressing his appreciation for the warm welcome and hospitality.
The meeting was attended by assistant governors of the CBUAE and senior officials from both sides.
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