As UAE continues efforts to strengthen commercial and economic cooperation with countries around the world, the UAE Ministry of Finance held the first financial dialogue with the Israel Ministry of Finance. The session held virtually seeks to boost cooperation ties and encourage innovation in the field of financial services between the two countries.
Younis Haji Al Khoori, Undersecretary of Ministry of Finance, headed the UAE delegation and Shira Greenberg, the chief economist headed from the Israeli side.
Al Khoori welcomed participants emphasising on the importance of the platform and lauded the significant progress achieved between both ministries since the Abraham Accords signed in October 2020.
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Al Khoori mentioned that the agreement will further solidify bilateral relations between both countries and create new opportunities to develop priority sectors such as agritech, renewable energy and advanced technology.
“In the UAE, and in-line with the global development agenda, we are actively exploring avenues to promote sustainable finance, which is an important strategic objective for the UAE as we seek to integrate global efforts within this area as part of our preparation for hosting COP28 this year,” he noted.
“The topics we discussed today is of great importance to both of our countries, given our shared positions as regional investment hubs and our aligned strategic objectives of encouraging innovation in our countries. The UAE-Israel Financial Dialogue brings together the ministries of finance and central banks, as we believe it is important to keep an open dialogue between both countries to discuss issues that impact our financial systems and potential areas of bilateral and regional cooperation,” he said.
He concluded saying that the UAE will continue to be a regional leader in economic reforms, international trade, political stability and peacemaking.
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