Today: 5 July 2025
12 January 2023
2 mins read

UAE, Israel hold first financial dialogue

The dialogue session was held virtually and sought to boost cooperation ties and encourage innovation in the field of financial services between the two countries….reports Asian Lite News

As part of its ongoing efforts to strengthen means of commercial and economic cooperation with various countries of the world, the UAE, represented by the Ministry of Finance, held the first Financial Dialogue with the Ministry of Finance of Israel.

The dialogue session was held virtually and sought to boost cooperation ties and encourage innovation in the field of financial services between the two countries.

Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance, headed the UAE delegation, while the Israeli side was led by Shira Greenberg, Chief Economist, Director of state Revenue, Research, and International Affairs, Ministry of Finance. The delegations included senior officials from both parties.

In his opening speech, Younis Haji Al Khoori welcomed all the participants, stressing the importance of this platform, which is a testament to the strength of the relationship between both countries, and provides excellent opportunities to exchange policies, regulations, and business priorities, while also exploring new avenues for bilateral cooperation. He lauded the significant progress achieved between both ministries since the historic Abraham Accords Peace Agreement, which was demonstrated in the agreements and a memorandum of understanding including the Bilateral Investment Treaty signed in October 2020, and the Double Taxation Agreements signed in May 2021.

He also mentioned that the recently signed Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Israel will further solidify the bilateral relations between both countries and create new opportunities to develop priority sectors such as agri-tech, renewable energy, and advanced technology.

Al Khoori noted that “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 said, “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.”

Al Khoori concluded that the UAE will continue to be a regional leader in economic reforms, international trade, political stability, and peacemaking to achieve economic opportunities for future generations to come.

The dialogue session discussed a number of issues related to macroeconomic trends and policies, means of cyber-financial cooperation, and opportunities and potentials for bilateral cooperation between the two countries at the regional and global levels, such as the World Bank and the Financial Action Task Force (FATF).

ALSO READ: ‘UAE supports all global efforts to help flood-hit Pakistan’

Previous Story

UAE issued nearly 80k golden visas in 2022

Next Story

EAD plants one million mangrove seeds by drone

Latest from -Top News

BRICS must break the digital chains

BRICS nations need to build consensus, balance innovation and social justice by reinforcing the digital sovereignty of Global South, including evenly distribution of benefits through AI, writes Baidya Bikash Basu BRICS, the

G42 AI tool boosts procurement by 40%

Abu Dhabi’s tech giant leads the charge in AI-driven operational transformation with (In)Business Procurement platform. Abu Dhabi-based global technology powerhouse G42 has taken a major leap in enterprise digital transformation with the

ADX, banks launch region’s first digital bond

Abu Dhabi Securities Exchange (ADX) has launched the pricing phase for the region’s first distributed ledger technology (DLT)-based bond, setting a new benchmark in financial innovation and blockchain integration. The bond, issued

Saudi, Indonesia seal $27bn in deals

Saudi Arabia and Indonesia deepen ties with $27bn in agreements, boosting trade, energy, defence and pilgrimage cooperation, signalling a new chapter in strategic partnership. Saudi Arabia and Indonesia inked a raft of

UN urges investments in Syria

Rebuilding Syria requires not only emergency relief but sustained investment in basic services, economic recovery, and stability, says UN Office in Syria. A high-level United Nations delegation has called for increased international
Go toTop

Don't Miss

UAE tops global air transport quality rankings

In the Middle East and North Africa region, the UAE

UAE outlines actions to address food crisis at Berlin Conference

The UAE pays the utmost attention to enhancing food security