Latest news with #MohamedbinHadiAlHussaini
Al Etihad
30-07-2025
- Business
- Al Etihad
Al Hussaini explores ways of enhancing economic ties with Latin American, Caribbean ambassadors
30 July 2025 17:08 DUBAI (WAM)Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, met with Francisco Chacón Hernández, Ambassador of Costa Rica to the UAE, along with a number of ambassadors from Latin American and Caribbean countries, to explore avenues for strengthening financial, economic, and development cooperation between the UAE and the meeting was held at the Ministry's headquarters in meeting, convened at the request of the Costa Rican Embassy on behalf of the Latin American and Caribbean Group of Ambassadors, focused on the importance of promoting the region as strategic partners for the UAE, expanding bilateral cooperation through knowledge and experience exchange, and building sustainable channels of communication that align with shared development aspirations across various Hussaini commended the strong financial and economic relations between the UAE and the Latin American and Caribbean countries, emphasising that expanding cooperation with the group aligns with the UAE's strategic vision to support regional financial stability and advance sustainable development with partner nations. The two sides concluded the meeting by reaffirming the importance of continued coordination and consultation to further strengthen bilateral relations and reinforce the foundations of joint cooperation with the Latin American and Caribbean countries.
Zawya
30-07-2025
- Business
- Zawya
Mohamed bin Hadi Al Hussaini explores ways of enhancing economic ties with Latin American and Caribbean ambassadors
Dubai: H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, met with H.E. Francisco Chacón Hernández, Ambassador of Costa Rica to the UAE, along with a number of ambassadors from Latin American and Caribbean countries, to explore avenues for strengthening financial, economic, and development cooperation between the UAE and the group. The meeting was held at the Ministry's headquarters in Dubai. The meeting, convened at the request of the Costa Rican Embassy on behalf of the Latin American and Caribbean Group of Ambassadors, focused on the importance of promoting the region as strategic partners for the UAE, expanding bilateral cooperation through knowledge and experience exchange, and building sustainable channels of communication that align with shared development aspirations across various sectors. Al Hussaini commended the strong financial and economic relations between the UAE and the Latin American and Caribbean countries, emphasising that expanding cooperation with the group aligns with the UAE's strategic vision to support regional financial stability and advance sustainable development with partner nations. The two sides concluded the meeting by reaffirming the importance of continued coordination and consultation to further strengthen bilateral relations and reinforce the foundations of joint cooperation with the Latin American and Caribbean countries.
Yemen Online
22-07-2025
- Business
- Yemen Online
UAE reaffirms commitment to promoting GCC Economic Integration at 123rd Ministerial Meeting in Kuwait
The UAE has taken part in the 123rd Ministerial Meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee, held today in Kuwait, bringing together Their Excellencies, the Ministers of Finance of the GCC member states. Led by H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, the UAE delegation featured H.E. Khalid Ali Al Bustani, Director-General of the Federal Tax Authority (FTA); and Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations. A number of specialists from the Ministry of Finance, the Federal Tax Authority, the Federal Authority for Identity and Nationality, Customs and Port Security also accompanied the delegation. Advancing Regional Economic Integration The meeting discussed priority issues to strengthen financial and economic cooperation across the GCC, where appropriate decisions were taken accordingly. Topics addressed include the outcomes of the 84th Meeting of the Committee of the Governors of the Central Banks in the GCC Countries, recent sessions of the GCC Customs Union Authority, and the 14th meeting of the Committee of Heads and Directors of Tax Departments in the GCC Countries. Ministers also reviewed the latest developments related to the Gulf Common Market, along with recommendations stemming from a joint event hosted by the UAE Ministry of Finance and the GCC General Secretariat on the sidelines of the World Government Summit in February 2025. Progress on the GCC's economic unity agenda by 2025 was also reviewed, with discussions focusing on ongoing efforts to enhance Gulf coordination in global economic forums. The session also featured a briefing by the GCC Statistical Centre on current data from the Gulf Common Market. Accelerating the pace of integration H.E. Mohamed bin Hadi Al Hussaini said that strengthening joint GCC action in the financial and economic sectors will continue to be a strategic priority for the UAE, particularly in light of the accelerating challenges facing the global economy. He stressed the importance of completing the requirements of the GCC Common Market and Customs Union as essential steps toward enhancing economic efficiency and boosting the global and regional competitiveness of GCC countries. His Excellency added that the next phase calls for expediting institutional integration and aligning financial, tax, and customs policies to foster greater harmony and coherence among GCC economies. He reaffirmed the UAE's support for all efforts and initiatives aimed at establishing a unified Gulf economy and creating an attractive, dynamic environment for investment and trade. He concluded by highlighting the need to intensify technical cooperation and exchange expertise among member states, as well as making the most of the opportunities presented by joint Gulf projects. These efforts, he noted, are vital to achieving sustainable growth, ensuring long-term prosperity for GCC citizens, and strengthening the region's position as an influential economic bloc on the global stage. Exchanging views During the meeting, the meeting ministers exchanged views on financial and economic priorities for the next phase and explored how to enhance the GCC countries' readiness to address regional and global developments, as well as how to support executive plans for economic integration and strengthen the GCC's position on the global stage.
Al Etihad
17-07-2025
- Business
- Al Etihad
UAE participates in 3rd G20 Finance Ministers and Central Bank Governors meeting in South Africa
17 July 2025 19:46 DURBAN (WAM)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 meeting took place in the city of Durban, bringing together representatives of G20 member states, invited countries, and international by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, the UAE delegation featured 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; and Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the Ministry of 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 communiqué, which the UAE contributed to through working group comments and participation in Deputy-level drafting discussions cover 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 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 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 emphasised the importance of adopting effective policies that ensure macroeconomic stability, including targeted fiscal support, improved institutional quality, and enhanced labour market 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 Hussaini added that the UAE continues to pursue proactive financial policies to reinforce this approach, further contributing to long-term sustainable Hussaini 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 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 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 a collaborative approach among financial the sidelines of the G20 FMCBG meetings, the UAE attended the G20 Finance and Central Bank Deputies meetings on July 14-16 to discuss the statement of the G20 also covered recent multilateral development bank developments, pandemic response financing, growth and development in Africa, and additional communiqué drafting sessions of 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).
Mid East Info
12-07-2025
- Business
- Mid East Info
UAE and Chad Discuss Ways to Strengthen Cooperation in Financial Sector - Middle East Business News and Information
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.
