• | 12:00 pm

UAE and Bahrain central banks deepen financial cooperation and innovation ties

UAE Bahrain financial cooperation

[Source photo: Emirates News Agency (WAM)]

The Central Bank of the UAE (CBUAE) and the Central Bank of Bahrain (CBB) are looking to deepen cooperation across the financial and banking sectors following high-level talks in Abu Dhabi aimed at strengthening coordination and expanding collaboration between the two institutions.

Khaled Mohamed Balama, Governor of the CBUAE, welcomed Khalid Humaidan, Governor of the CBB, and his delegation to the UAE central bank’s headquarters, where discussions focused on enhancing strategic partnerships and reinforcing regulatory cooperation.

The meeting covered a range of shared priorities, including strengthening financial sector coordination, exchanging expertise, and supporting the efficiency, resilience, and stability of banking systems. Both sides also explored ways to advance innovation in financial services, aiming to boost economic, trade, and investment ties between the UAE and Bahrain while supporting sustainable growth.

During the visit, the Bahraini delegation toured several departments within the CBUAE and received briefings on key financial infrastructure projects, digital transformation initiatives, and efforts to strengthen financial stability. The delegation was also introduced to the central bank’s approach to promoting innovation across the financial services sector.

Balama said the meeting reflects the strong and enduring relationship between the UAE and Bahrain, as well as their shared commitment to expanding bilateral cooperation.

“This meeting reflects the depth and strength of the longstanding relations between the leadership and people of the United Arab Emirates and the Kingdom of Bahrain, and their shared commitment to advancing bilateral relations and deepening strategic cooperation towards new horizons that contribute to supporting comprehensive development in both countries,” he said.

He added that the discussions mark an important step toward strengthening financial and monetary coordination in a way that supports stability and facilitates greater trade and investment between the two countries.

Humaidan said the visit underscores the deep-rooted ties between Bahrain and the UAE and highlights both countries’ commitment to advancing the development, growth, and stability of the financial sector.

He also expressed his appreciation for the warm welcome and hospitality extended by the UAE during the visit.

The meeting was attended by assistant governors from the CBUAE, alongside senior officials from both central banks.