Latest news with #AlHussaini
Mid East Info
21-04-2025
- Business
- Mid East Info
UAE takes part in Spring Meetings of the World Bank Group and International Monetary Fund next week - Middle East Business News and Information
The UAE is participating in the Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) 2025, held in Washington, D.C., from April 21 to 26. The Ministry of Finance and the Central Bank of the UAE (CBUAE) will represent the UAE in the meeting with the delegation being led by H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs. Joining Al Hussaini are H.E. Khaled Mohamed Balama, Governor of the Central Bank of the UAE; H.E. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance; H.E. Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at the Central Bank of the UAE; H.E. Ahmed Saeed Al Qamzi, Assistant Governor for Banking and Insurance Supervision at the CBUAE, and Ali Abdullah Sharafi, Acting Assistant Under-Secretary for International Financial Relations at the Ministry. Several senior financial experts are also accompanying the delegation. The meetings are set to discuss global economic priorities, including future fiscal and monetary policies, ways to bolster financial resilience, and promote effective international cooperation. Additionally, the sessions will explore the importance of international cooperation to foster new growth opportunities and adapt to evolving economic conditions. Development goals: 'This year's IMF/WBG Spring Meetings offer a strategic platform to coordinate international efforts and strengthen cooperation in tackling global economic and financial challenges,' Al Hussaini said. 'Through our participation, we look forward to contributing significantly to fostering a constructive dialogue on sustainable economic policies that encourage inclusive growth and support the development goals of nations around the world.' He added that the UAE is committed to strengthening partnerships with international financial institutions and maintaining its proactive role in supporting comprehensive development initiatives. 'We firmly believe that coordination and collaboration are key to achieving global economic stability and fulfilling our regional and international responsibilities,' Al Hussaini noted. Global platform: The meetings will offer a unique global platform for open dialogue, bringing together a select group of economic leaders and financial policymakers from around the world to share insights on how to strengthen international cooperation amid the rapidly changing global economic landscape. The UAE delegation will be taking part in a series of key events this year, including a ministerial meeting for the Middle East, North Africa, Afghanistan, and Pakistan with the Managing Director of the International Monetary Fund. The delegation will also participate in a closed-door roundtable with MENA Ministers of Finance, the second G20 finance ministers and central bank governors meeting, the International Monetary and Financial Committee plenary session, and the 2nd BRICS Finance and Central Bank Deputies (FCBD) Meeting as well as various discussions covering topics like global economic prospects, development financing, climate action, and digital transformation. In addition, the UAE delegation will host a panel discussion at the UAE Embassy in Washington, bringing together Emirati students studying in the U.S. for a discussion about career opportunities in international financial organisations. This session, titled 'Employment Opportunities in International Financial Organisations', will connect students with potential pathways to exciting careers in global financial institutions.
Sharjah 24
20-04-2025
- Business
- Sharjah 24
UAE to participate in 2025 IMF and World Bank Spring meetings
UAE delegation led by Mohamed Al Hussaini The Ministry of Finance and the Central Bank of the UAE (CBUAE) will represent the UAE in the meeting with the delegation being led by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs. Joining Al Hussaini are Khaled Mohamed Balama, Governor of the Central Bank of the UAE; Younis Haji AlKhoori, Under-Secretary of the Ministry of Finance; Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at the Central Bank of the UAE; Ahmed Saeed Al Qamzi, Assistant Governor for Banking and Insurance Supervision at the CBUAE; and Ali Abdullah Sharafi, Acting Assistant Under-Secretary for International Financial Relations at the Ministry. Several senior financial experts are also accompanying the delegation. Key topics of discussion The meetings are set to discuss global economic priorities, including future fiscal and monetary policies, ways to bolster financial resilience, and promote effective international cooperation. Additionally, the sessions will explore the importance of international cooperation to foster new growth opportunities and adapt to evolving economic conditions. UAE's commitment to international cooperation 'This year's IMF/WBG Spring Meetings offer a strategic platform to coordinate international efforts and strengthen cooperation in tackling global economic and financial challenges,' Al Hussaini said. 'Through our participation, we look forward to contributing significantly to fostering a constructive dialogue on sustainable economic policies that encourage inclusive growth and support the development goals of nations around the world.' He added that the UAE is committed to strengthening partnerships with international financial institutions and maintaining its proactive role in supporting comprehensive development initiatives. 'We firmly believe that coordination and collaboration are key to achieving global economic stability and fulfilling our regional and international responsibilities,' Al Hussaini noted. Global dialogue and engagement opportunities The meetings will offer a unique global platform for open dialogue, bringing together a select group of economic leaders and financial policymakers from around the world to share insights on how to strengthen international cooperation amid the rapidly changing global economic landscape. Key events and panel participation The UAE delegation will be taking part in a series of key events this year, including a ministerial meeting for the Middle East, North Africa, Afghanistan, and Pakistan with the Managing Director of the International Monetary Fund. The delegation will also participate in a closed-door roundtable with MENA Ministers of Finance, the second G20 finance ministers and central bank governors meeting, the International Monetary and Financial Committee plenary session, and the 2nd BRICS Finance and Central Bank Deputies (FCBD) Meeting as well as various discussions covering topics like global economic prospects, development financing, climate action, and digital transformation. UAE Embassy panel for Emirati students In addition, the UAE delegation will host a panel discussion at the UAE Embassy in Washington, bringing together Emirati students studying in the U.S. for a discussion about career opportunities in international financial organisations. This session, titled 'Employment Opportunities in International Financial Organisations', will connect students with potential pathways to exciting careers in global financial institutions.
Zawya
20-04-2025
- Business
- Zawya
UAE takes part in Spring Meetings of the World Bank Group and International Monetary Fund next week
Abu Dhabi, UAE: The UAE is participating in the Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) 2025, held in Washington, D.C., from April 21 to 26. The Ministry of Finance and the Central Bank of the UAE (CBUAE) will represent the UAE in the meeting with the delegation being led by H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs. Joining Al Hussaini are H.E. Khaled Mohamed Balama, Governor of the Central Bank of the UAE; H.E. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance; H.E. Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at the Central Bank of the UAE; H.E. Ahmed Saeed Al Qamzi, Assistant Governor for Banking and Insurance Supervision at the CBUAE, and Ali Abdullah Sharafi, Acting Assistant Under-Secretary for International Financial Relations at the Ministry. Several senior financial experts are also accompanying the delegation. The meetings are set to discuss global economic priorities, including future fiscal and monetary policies, ways to bolster financial resilience, and promote effective international cooperation. Additionally, the sessions will explore the importance of international cooperation to foster new growth opportunities and adapt to evolving economic conditions. Development goals 'This year's IMF/WBG Spring Meetings offer a strategic platform to coordinate international efforts and strengthen cooperation in tackling global economic and financial challenges,' Al Hussaini said. 'Through our participation, we look forward to contributing significantly to fostering a constructive dialogue on sustainable economic policies that encourage inclusive growth and support the development goals of nations around the world.' He added that the UAE is committed to strengthening partnerships with international financial institutions and maintaining its proactive role in supporting comprehensive development initiatives. 'We firmly believe that coordination and collaboration are key to achieving global economic stability and fulfilling our regional and international responsibilities,' Al Hussaini noted. Global platform The meetings will offer a unique global platform for open dialogue, bringing together a select group of economic leaders and financial policymakers from around the world to share insights on how to strengthen international cooperation amid the rapidly changing global economic landscape. The UAE delegation will be taking part in a series of key events this year, including a ministerial meeting for the Middle East, North Africa, Afghanistan, and Pakistan with the Managing Director of the International Monetary Fund. The delegation will also participate in a closed-door roundtable with MENA Ministers of Finance, the second G20 finance ministers and central bank governors meeting, the International Monetary and Financial Committee plenary session, and the 2nd BRICS Finance and Central Bank Deputies (FCBD) Meeting as well as various discussions covering topics like global economic prospects, development financing, climate action, and digital transformation. In addition, the UAE delegation will host a panel discussion at the UAE Embassy in Washington, bringing together Emirati students studying in the U.S. for a discussion about career opportunities in international financial organisations. This session, titled 'Employment Opportunities in International Financial Organisations', will connect students with potential pathways to exciting careers in global financial institutions.
Gulf Business
18-02-2025
- Business
- Gulf Business
UAE hosts strategic dialogue with Russia to boost financial cooperation
Image: Supplied The UAE, represented by the The forum, aimed at strengthening cooperation across various financial and economic sectors, provided a platform to discuss best practices in budget preparation, public-private partnerships, and tax cooperation. The UAE delegation was led by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, alongside senior officials from the Ministry of Finance. From Russia, the delegation was headed by Anton Siluanov, Minister of Finance, and included several senior officials. Sharing knowledge between UAE and Russia In his opening remarks, Al Hussaini welcomed the Russian delegation, emphasising the UAE's ongoing efforts to enhance financial and investment cooperation through the exchange of expertise and the development of joint financial policies. 'The UAE-Russian partnership serves as a model for sustainable economic cooperation. We are committed to strengthening mutual investments and financial collaboration, ensuring the continuous development of modern budgeting mechanisms, stimulating public-private partnerships, and fostering tax cooperation,' said Al Hussaini. He highlighted that the UAE is strengthening its position as a global financial hub by forging strategic partnerships with major economies, enhancing the resilience of the national economy and creating avenues for future growth. Anton Siluanov, Minister of Finance of Russia, also addressed the forum, underlining the significance of the dialogue in expanding bilateral relations and cooperation between the two nations. 'Holding the first Strategic Financial Dialogue between Russia and the UAE reflects the strength of relations between our two countries and our shared commitment to broadening cooperation. Our perspectives align on key financial development matters, including the enhancement and digitalisation of budgeting mechanisms, as well as the exchange of best practices in public-private partnerships,' stated Siluanov. Key deal signed between UAE-Russia to prevent double taxation The forum also saw the signing of a key agreement to prevent double taxation, which aims to strengthen bilateral trade, attract investment, and promote a transparent and competitive tax environment between the two countries. The agreement, signed by Al Hussaini and Siluanov, is expected to boost trade, increase investment flows, and create a more favourable business climate for both nations. Al Hussaini also emphasised that the signing of the Double Taxation Avoidance Agreement with Russia further underscores the UAE's commitment to fostering an investment-friendly environment. In addition to the signing ceremony, the forum included four key panel discussions that explored critical areas of financial cooperation. Topics included budget preparation, the integration of modern technologies in financial planning, public-private partnerships, and international tax policies. The discussions also addressed developments in global taxation, trends in regulatory frameworks, and the importance of strengthening cooperation within multilateral financial frameworks. Read:
Zawya
17-02-2025
- Business
- Zawya
Mohamed bin Hadi Al Hussaini takes part in Alula Conference for emerging market economies
AlUla, Saudi Arabia: His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, participated in the AlUla Conference for Emerging Market Economies, held on February 16-17 in AlUla, Saudi Arabia. Organised by the Saudi Ministry of Finance and the Regional Office of the International Monetary Fund (IMF) in Riyadh, the event brought together policymakers and economic experts to discuss financial and economic challenges at both regional and global levels, with a focus on policies aimed at fostering sustainable growth in emerging economies. Roundtable discussion As part of the conference, Al Hussaini took part in a high-level roundtable discussion titled "Working Together to Support the Recovery of Middle Eastern Economies Post-Conflict." The session was attended by representatives from the GCC, G7 nations, the IMF, the World Bank, the European Commission, and the Arab Coordination Group. The discussions touched on key challenges facing conflict-affected economies and explored strategies for fostering regional and international cooperation to support recovery efforts. Sessions Throughout the conference, His Excellency attended several sessions that addressed the most significant economic challenges facing emerging markets and the global economy. A key panel discussion themed "Emerging Markets Amid Structural Shifts in the World Economy," explored the challenges economic policymakers face amid global economic shifts. Another, "High Debt-Low Fiscal Space—Fiscal Consolidation and Multilateral Solutions to Debt Restructuring," discussed the mechanisms to sustain public finances and tackle debt crises. The session "Monetary Policy and Capital Flows Amid Elevated Uncertainty" discussed the effects of global monetary changes on investment and capital flows in emerging markets. The event also included another session on "Productivity in EMDEs: Challenges and Opportunities," which discussed how to boost productivity for sustainable economic growth. Meanwhile, "Navigating Trade Tensions and Uncertainties" session addressed the risks posed by global trade disputes and their impact on supply chains and economic growth. Additionally, the closing session, "A Path for Emerging Market Resilience, explored strategies to enhance financial stability and create financial systems that can endure crises. His Excellency's participation is part of the UAE's commitment to enhancing its presence in international economic discussions and fostering strategic partnerships that contribute to financial and developmental stability both regionally and globally.
