The UAE, represented by the Ministry of Finance, recently held the first Strategic Financial Dialogue with the Republic of Poland in Warsaw. The event seeks to strengthen bilateral cooperation in various financial and economic areas of mutual interest and discuss the latest developments in financial markets. During the dialogue, both sides also explored new opportunities for collaboration in the renewable energy and banking sectors.
Emirati and Polish delegations
The Emirati delegation was led by Younis Haji Al Khoori, under-secretary of the Ministry of Finance, and included key figures such as Ahmed Ibrahim Al Mansouri, consul-general of the UAE in Poland; Maryam Buti, chief executive officer of the Securities and Commodities Authority; Ali Abdullah Sharafi, acting assistant under-secretary for International Financial Relations at the Ministry of Finance; Abdulla Al Muhairi, chief banking supervision Central Bank of the UAE; Khadija Ali, chief representative – Business Development Segments, DIFC; Saker Asllan, chief exchange operations officer, Abu Dhabi Securities Exchange; and Ahmed Al Awadi, director of development and Investment (EMEA) at Masdar.
The Polish delegation included Paweł Karbownik, under-secretary of State at the Ministry of Finance; Robert Krzyśków, director of the International Cooperation Department at the Ministry of Finance; along with senior officials from the Polish Financial Supervision Authority and Polish Banking Supervision Division.
Opening session and bilateral relations
During the opening session, Younis Haji Al Khoori expressed gratitude to the Polish counterparts for hosting the first strategic financial dialogue, praising the strong bilateral relations between the UAE and Poland. He emphasized the significance of such events in bolstering financial cooperation, as well as expanding economic, trade, and development ties between the two nations.
Al Khoori highlighted that the dialogue provided a platform to share the latest developments in financial markets, address pressing global priorities and challenges, and explore innovative solutions in vital sectors. He stressed that this dialogue marks another significant step towards evolving bilateral cooperation between Poland and the UAE, urging both nations to intensify their efforts to drive sustainable and prosperous economic growth.
Global economic landscape and UAE’s economic diversification
Addressing the global economic landscape, Al Khoori pointed out that while the economy shows strong resilience, it requires ongoing attention to achieve financial sustainability, reduce inflation, and address climate change. He affirmed that the UAE had made substantial strides in diversifying its national economy, with the non-oil sector contributing approximately 75 percent to the GDP in 2023, and an expected overall growth rate of 6.2 percent by 2025.
Opportunities for cooperation in renewable energy and financial sector
Al Khoori also discussed several topics that promise opportunities for cooperation between the two countries, including the renewable energy sector and the sharing of UAE’s expertise in treasury bonds program. He highlighted the UAE’s position as a global financial hub, attributing it to initiatives such as instant payment platforms, support for fintech companies, and innovative financing options, as well as the compliance of the country’s financial policies with international tax policies.
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Digital transformation and AI integration
Addressing the integration of technology and artificial intelligence (AI) solutions, the MoF Under-Secretary emphasized that the Ministry of Finance aligns with the UAE’s AI Strategy, and has launched various digital transformation initiatives leveraging AI and metaverse technologies.
Concluding his remarks, Al Khoori thanked the Polish counterparts for hosting the strategic financial dialogue and expressed his hope that the next event would be hosted in the UAE.
Showcasing investment opportunities, financial innovations
During the dialogue, the UAE Ministry of Finance delivered presentations on its treasury bonds program, plans to enhance domestic public debt instruments, and the latest market developments and investment opportunities at the Abu Dhabi Securities Exchange. The Dubai International Financial Centre also presented its business environment and investment advantages for global companies. The discussions covered a wide range of topics, including tax policies, financial technology, the latest AI tools, and innovative solutions for financial markets.
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