The United Arab Emirates, represented by the Ministry of Finance, held the first strategic financial dialogue with Poland in the capital, Warsaw, with the aim of strengthening bilateral cooperation in various financial and economic fields of common interest, discussing developments in financial markets and exploring new opportunities for cooperation, especially in the renewable energy and banking sectors.
The UAE delegation participating in the first dialogue was headed by Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, and included Ahmed Ibrahim Al Mansouri, Consul General to the Republic of Poland, Dr. Maryam Butti Al Suwaidi, CEO of the Securities and Commodities Authority, Ali Abdullah Sharafi, Acting Assistant Undersecretary for International Financial Relations at the Ministry of Finance, Abdullah Al Muhairi, from the Central Bank of the United Arab Emirates, Khadija Ali from the Dubai International Financial Centre, Saqr Aslan from the Abu Dhabi Securities Exchange, and Ahmed Al Awadhi from Masdar.
On the Polish side, the meeting was attended by Pawel Karpounek, Undersecretary of the Ministry of Finance, and Robert Krzysztof, Director of the International Cooperation Department at the Ministry, along with a number of senior officials from the Financial Supervision and Banking Supervision Authority and the Financial Services Authority.
Financial Sustainability
In his speech during the opening session, Al Khouri extended his sincere thanks to Carbonik for hosting the first strategic financial dialogue between the UAE and Poland, appreciating the strength of bilateral relations between the two friendly countries. He stressed the importance of this dialogue in enhancing joint financial cooperation, expanding economic, trade and development ties, and providing an important platform for sharing the latest developments in financial markets, discussing pressing priorities and challenges at the global level, and exploring innovative solutions in vital sectors.
He pointed out that the global economy enjoys strong resilience, but requires continuous attention through the introduction of financial sustainability initiatives, efforts to reduce inflation, and addressing climate change, stressing that the UAE has made great strides in diversifying its national economy, as the non-oil sector constitutes about 75% of the GDP for the year 2023, while it is expected to achieve a total growth of 6.2% during the year 2025.
Al Khouri touched on a number of topics that constitute opportunities for cooperation between the two countries, including the renewable energy sector and the UAE’s expertise in the treasury bonds programme, stressing that the country represents a leading financial centre at the global level thanks to many initiatives, such as instant payment platforms, support for emerging financial technology companies, and innovative financing options.
Presentation on Treasury Bonds
During the dialogue, the Ministry of Finance presented a presentation on the treasury bonds programme and plans to enhance local public debt instruments, in addition to a presentation by the Abu Dhabi Securities Exchange on the latest developments in the market and available investment opportunities, in addition to a third presentation by the Dubai International Financial Centre on the business environment and investment advantages it provides to global companies.