UAE and Switzerland Strengthen Financial Ties in Sixth Strategic Dialogue

UAE and Switzerland Strengthen Financial Ties in Sixth Strategic Dialogue

The UAE represented by the Ministry of Finance held the sixth Strategic Financial Dialogue with Switzerland's Federal Department of Finance in Abu Dhabi. This dialogue aimed to enhance bilateral cooperation across various financial and economic sectors, focusing on macroeconomic trends, sectoral developments, and recent advancements in digital finance and virtual asset regulation.

Attendees included His Excellency Mohamed bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and Her Excellency Daniela Stoffel Delbrück, State Secretary for International Finance at the Swiss Federal Department of Finance. Both parties signed a joint statement reaffirming their commitment to strengthening their partnership.

Key participants from the UAE included H.E. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance; H.E. Dr. Maryam Butti Al Suwaidi, CEO of the Securities and Commodities Authority; Arif Amiri, CEO of the Dubai International Financial Centre Authority; Emmanuel Givanakis, CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market; and Ali Abdullah Sharafi, Assistant Undersecretary of the International Financial Relationship Sector at the Ministry of Finance.

The Swiss delegation featured Ambassador Arthur Mattli and several representatives from the Swiss business community.

During the meeting, Al Hussaini highlighted the importance of the dialogue in fostering bilateral collaboration and addressing rapid developments in the global economy. He emphasized the need for enhanced communication and coordination between governments and financial institutions to promote sustainable economic growth.

Al Hussaini stated that the UAE and Switzerland share common goals in areas such as financial sustainability and innovation. He expressed gratitude to participants for their contributions and reiterated the commitment to exploring new avenues for cooperation in the future.

Stoffel Delbrück underscored the significance of the dialogue as a platform for strengthening financial partnerships between the two nations. She noted that the dialogue has successfully fostered cooperation and ties between financial institutions.

Panel discussions during the dialogue covered key economic and financial developments at international and regional levels, including topics related to the G20, the Financial Stability Board, and the International Monetary Fund. Participants exchanged views on recent tax-related developments and discussed advancements in regulatory policies concerning digital finance and anti-money laundering initiatives.

Both sides concluded the meeting by emphasizing the importance of ongoing bilateral and international collaboration to enhance global economic growth and improve the international financial system. The Ministry of Finance and the Federal Department of Finance reaffirmed their commitment to using financial dialogue as a strategic platform for cooperation and innovation in both countries.