Wednesday 07 June 2023 - 7:23:06 am

UAE Central Bank Governor meets Yemeni counterpart

ABU DHABI, 20th January, 2022 (WAM) -- Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), met in Abu Dhabi on Wednesday, with Ahmed Ghaleb Saeed, Governor of the Central Bank of Yemen.

Senior officials from both central banks also attended the meeting, according to a CBUAE statement on Thursday.

During the meeting, the two sides discussed the co-operative bilateral relations between the UAE and the Republic of Yemen, and ways to develop and strengthen this collaboration in the financial and banking sectors to serve the common interests of the two countries, and to contribute to achieving their shared aspirations.

The governors also discussed mechanisms for strengthening bilateral relations on regulatory and supervisory issues, exchanges of knowledge and staff cadre training, in addition to knowledge transfer on anti-money laundering and combatting the financing of terrorism and illegal organisations (AML/CFT).

Both parties affirmed that developing bilateral relations between the CBUAE and the Central Bank of Yemen would contribute to expanding economic co-operation between the two countries, especially in the fields of trade and investment.

Khaled Mohamed Balama, Governor of the Central Bank of the UAE, said, "The CBUAE supports strengthening collaboration with the Central Bank of Yemen, and ensuring the transfer of expertise and knowledge to develop the financial and banking sector in Yemen."

WAM/Binsal AbdulKader/Amjad Saleh