Abu dhabi: Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), welcomed Khalid Humaidan, Governor of the Central Bank of Bahrain (CBB), at the CBUAE headquarters in Abu Dhabi. During their meeting, both officials explored ways to enhance the strategic partnership and cooperation frameworks in the financial and banking sectors between the two nations.

According to Emirates News Agency, the discussions included topics of mutual interest such as developing coordination mechanisms, exchanging expertise, and supporting the efficiency and stability of banking systems. Additionally, they focused on advancing innovation initiatives in financial services to expand economic, trade, and investment cooperation prospects, aiming to support sustainable growth and shared development aspirations.

The delegation from Bahrain was also given a tour of the CBUAE's sectors and departments, where they were briefed on initiatives, programs, and development projects related to financial infrastructure and digital transformation in the financial sector. The visit included an overview of CBUAE's best practices in promoting financial stability and supporting innovation in financial services.

The meeting was attended by Assistant Governors of the Central Bank of the UAE and senior officials from both banks. Khaled Mohamed Balama emphasized the strong relations between the UAE and Bahrain and the commitment to advancing strategic cooperation to support comprehensive development in both countries. Khalid Humaidan echoed these sentiments, highlighting the deep-rooted relations and commitment to fostering closer collaboration to support growth and stability in the financial sector. He also expressed appreciation for the warm reception by the UAE.