Latest news with #Mohamed bin Hadi Al Hussaini
Zawya
17-07-2025
- Business
- Zawya
UAE participates in 3rd G20 Finance Ministers and Central Bank Governors meeting in South Africa
Mohamed bin Hadi Al Hussaini: The UAE is committed to strengthening the international financial structure and supporting emerging markets and developing economies (EMDEs) DURBAN, South Africa: The UAE, represented by the Ministry of Finance and the Central Bank of the UAE, is participating in the 3rd meeting of G20 Finance Ministers and Central Bank Governors (FMCBG), held under the presidency of South Africa for the year 2025. The meeting took place in the city of Durban, bringing together representatives of G20 member states, invited countries, and international organisations. Led by H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, the UAE delegation featured 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; and Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the Ministry of Finance. Sustainable finance The meeting is set to explore the progress made on the 2025 priorities set by the South African presidency of the G20. It will conclude with the adoption of the official communique, which the UAE contributed to through working group comments and participation in Deputy-level drafting meetings. The discussions covers a wide range of topics, including the global macroeconomic outlook, international financial architecture, infrastructure development, international taxation, impediments to growth and development in Africa, sustainable finance, financial sector issues and financial inclusion. Strategic platform H.E. Mohamed bin Hadi Al Hussaini stated that the 3rd G20 Finance Ministers and Central Bank Governors Meeting provided a strategic platform for strengthening international coordination on global economic and financial issues as well as for advancing joint efforts to achieve economic stability and support sustainable development. He noted that the UAE's participation aimed to support the Group's global objectives and contribute actively to the development of international economic and financial policies. His Excellency emphasised the importance of adopting effective policies that ensure macroeconomic stability, including targeted fiscal support, improved institutional quality, and enhanced labour market efficiency. He stressed that the UAE is committed to strengthening the international finance structure, supporting emerging markets and developing economies (EMDEs (. This, he noted, can be achieved by reducing investment risks, mobilising private capital, providing targeted financial support, strengthening local markets, advancing structural reforms, and fostering international cooperation, efforts that collectively enhance global financial stability. H.E. Al Hussaini added that the UAE continues to pursue proactive financial policies to reinforce this approach, further contributing to long-term sustainable development. Strengthening financial markets His Excellency welcomed the progress made on international tax reform through the BEPS Action Plan, highlighting the UAE's commitment to building fair and sustainable tax systems through the country's involvement in the UN Framework Convention on International Tax Cooperation. The Minister also underscored the need to boost private sector participation in infrastructure, improve access to affordable capital through more inclusive financial markets, and advance governance and institutional capacity, highlighting these as key policy priorities to drive growth and development in Africa. Al Hussaini affirmed that policy coherence, institutional capacity, and reliable climate data are essential to overcoming barriers to sustainable finance, highlighting the UAE's experience in addressing insurance protection gaps through climate risk assessments and premium pricing frameworks and collaborative approach among financial regulators. Finance and Central Bank Deputies meetings On the sidelines of the G20 FMCBG meetings, the UAE attended the G20 Finance and Central Bank Deputies meetings on 14-16 July to discuss the statement of the G20 FMCBG. Discussions also covered recent multilateral development bank developments, pandemic response financing, growth and development in Africa, and additional communique drafting sessions of the G20. The UAE is taking part in the G20's activities 2025, which will conclude with the Leaders' Summit later this year. This marks the country's sixth participation in the G20 Summit process, following previous invitations as a guest country in France (2011), Saudi Arabia (2020), Indonesia (2022), India (2023), and Brazil (2024).
Zawya
10-07-2025
- Business
- Zawya
UAE, Chad discuss ways to strengthen cooperation in financial sector
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, has received Tahir Hamid Nguilin, Chad's Minister of Finance, Budget, Economy, Planning and International Cooperation, to discuss ways to strengthen cooperation in financial sector. Held at the Ministry of Finance offices in Dubai, the meeting brought together several senior Chadian officials, including Guibolo Fanga Mathieu, Minister of Trade and Industry; Fatima Goukouni Weddey, Minister of Transport, Civil Aviation, and National Meteorology; Fatime Aldjineh Garfa, Minister Delegate to the Ministry of Foreign Affairs; and Oumar Teguen Idibei Berde, Ambassador of the Republic of Chad to the UAE. The two sides explored ways to enhance institutional partnerships and activate financial cooperation mechanisms. Al Hussaini reaffirmed that the UAE is committed to strengthening financial collaboration with friendly nations. 'Exchanging technical knowledge and investing in capacity building are essential to raising the efficiency of government financial systems and achieving long-term fiscal sustainability,' he said. The meeting concluded with a mutual agreement on the importance of sustained coordination and communication between the two countries. Both sides underscored their shared interest in deepening bilateral cooperation and exchanging best practices to support national development priorities.
Zawya
10-07-2025
- Business
- Zawya
UAE and Chad discuss ways to strengthen cooperation in financial sector
Dubai: His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, has received H.E Tahir Hamid Nguilin, Chad's Minister of Finance, Budget, Economy, Planning and International Cooperation, to discuss ways to strengthen cooperation in financial sector. Held at the Ministry of Finance offices in Dubai, the meeting brought together several senior Chadian officials, including H.E. Guibolo Fanga Mathieu, Minister of Trade and Industry; H.E. Fatima Goukouni Weddey, Minister of Transport, Civil Aviation, and National Meteorology; H.E. Fatime Aldjineh Garfa, Minister Delegate to the Ministry of Foreign Affairs; and Oumar Teguen Idibei Berde, Ambassador of the Republic of Chad to the UAE. The two sides explored ways to enhance institutional partnerships and activate financial cooperation mechanisms. H.E Al Hussaini reaffirmed that the UAE is committed to strengthening financial collaboration with friendly nations. 'Exchanging technical knowledge and investing in capacity building are essential to raising the efficiency of government financial systems and achieving long-term fiscal sustainability,' he said. The meeting concluded with a mutual agreement on the importance of sustained coordination and communication between the two countries. Both sides underscored their shared interest in deepening bilateral cooperation and exchanging best practices to support national development priorities.
Zawya
10-07-2025
- Business
- Zawya
Removing UAE from EU list of high-risk third countries reflects global trust in UAE's financial system: Al Hussaini
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, stressed that the decision to remove the UAE from the European Union's list of high-risk third countries for money laundering and terrorist financing is a strategic milestone that clearly reflects the international recognition of the UAE's comprehensive efforts being made to strengthen the integrity of its financial system and uphold the highest global standards in this area. This decision, Al Hussaini added, showcases the UAE's position as a trusted global financial hub, one defined by transparency, openness, and alignment with international developments. He added, 'The UAE is committed to strengthening its position as a responsible and proactive international partner in safeguarding the integrity of the global financial system. This decision is the result of tireless efforts and continuous coordination among the relevant national entities, under the leadership of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs, and Chairman of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism, along with the close partnership with the European Union. It reflects the success of the UAE's approach to international cooperation and institutional integration.' He stated that this milestone will further enhance investor and institutional confidence in the UAE's financial landscape, support the continued flow of investment, and further solidify the country's reputation as a leading global destination for finance and investment. "At the Ministry of Finance, in collaboration with our partners across federal and local entities, we will spare no effort to improve the UAE's competitiveness in global finance by strictly adhering to internationally recognised best practices in line with the vision of our wise leadership, seeking to contribute to the nation's sustainable economic development goals,' Al Hussaini said.
Zawya
10-07-2025
- Business
- Zawya
Mohamed bin Hadi Al Hussaini: Removing the UAE from EU list of high-risk third countries reflects the global trust in the UAE's financial system
His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, stressed that the decision to remove the UAE from the European Union's list of high-risk third countries for money laundering and terrorist financing is a strategic milestone that clearly reflects the international recognition of the UAE's comprehensive efforts being made to strengthen the integrity of its financial system and uphold the highest global standards in this area. This decision, Al Hussaini added, showcases the UAE's position as a trusted global financial hub, one defined by transparency, openness, and alignment with international developments. His added: 'The UAE is committed to strengthening its position as a responsible and proactive international partner in safeguarding the integrity of the global financial system. This decision is the result of tireless efforts and continuous coordination among the relevant national entities, under the leadership of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates, and Chairman of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism, along with the close partnership with the European Union. It reflects the success of the UAE's approach to international cooperation and institutional integration.' His Excellency continued: 'This milestone will further enhance investor and institutional confidence in the UAE's financial landscape, support the continued flow of investment, and further solidify the country's reputation as a leading global destination for finance and investment. At the Ministry of Finance, in collaboration with our partners across federal and local entities, we will spare no effort to improve the UAE's competitiveness in global finance by strictly adhering to internationally recognised best practices in line with the vision of our wise leadership, seeking to contribute to the nation's sustainable economic development goals.'
