CBUAE Participates Virtually in Sixth Preparatory Committee Meeting of GCC Central Bank Governors
The Central Bank of the United Arab Emirates (CBUAE) participated virtually in the sixth meeting of the Preparatory Committee of the Gulf Cooperation Council (GCC) Central Bank Governors' Committee, held today via videoconference. The event focused on discussing ways to further enhance financial cooperation among GCC countries.
Led by Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability, the CBUAE delegation included Mohamed Hussain Al Marzooqi, Head of International and Domestic Affairs, alongside senior CBUAE officials.
During the meeting, key discussions centered around:
- Recent monetary and financial developments in GCC countries.
- Initiatives under the joint GCC work programme for central banks.
- Enhancing international cooperation in the monetary and banking sectors, drawing from global experiences and best practices.
- Developments regarding the agreement to link payment systems among GCC countries.
- Recommendations from technical committees and working groups on banking supervision, regulation, payment systems, cybersecurity, AML/CFT, and other relevant topics.
The UAE's participation through the CBUAE reinforces its commitment to supporting joint economic and monetary integration in the GCC, as well as sharing expertise to strengthen the region's banking and financial sector.
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