UAE Banks Enhance Global Partnerships During 2025 World Bank Group-IMF Annual Meetings In Washington

The Ministry of Finance (MoF) is collaborating with the Central Bank of the United Arab Emirates (CBUAE) and the UAE Embassy in Washington to host the UAE Banks Reception. This event coincides with the UAE's involvement in the 2025 Annual Meetings of the World Bank Group and the International Monetary Fund, scheduled in Washington, D.C., from 13th to 18th October 2025.

Younis Haji AlKhoori, Under-Secretary of the Ministry of Finance, highlighted that these efforts align with the UAE's goals for sustainable growth in finance. He stated, "The UAE Banks Reception represents a key opportunity to enhance the country’s institutional presence within the world’s largest financial gatherings and to highlight the evolution of the UAE’s regulatory environment, which offers distinctive investment and banking opportunities. We look forward to meeting our partners at this important event, which serves as a vital platform for strengthening cooperation and opening new prospects for our financial sector to consolidate its global standing."

The reception on 16th October aims to bolster strategic relations between national banks and their international counterparts. It also seeks to foster effective networks with global investors. This initiative will facilitate direct communication among financial institutions, investment firms, and other relevant entities.

AlKhoori further explained that such events reflect the UAE's dedication to enhancing international financial cooperation. He noted that these initiatives align with directives from leadership aimed at promoting openness and collaboration. These efforts are crucial for bolstering the resilience of the financial system.

The reception will showcase the UAE's leading role in global finance while exploring opportunities for sustainable growth in its banking sector. The event is designed to open new avenues for cooperation and knowledge exchange among participants.

AlKhoori added, "The Ministry, in collaboration with its financial and banking partners, is keen to facilitate communication between national banks and international investors and to promote constructive dialogue with stakeholders in the global financial community. This supports financial knowledge exchange, the development of financing tools, and the expansion of channels that strengthen the national economy through active banking partnerships."

Support from Leading Financial Institutions

This initiative is backed by several prominent UAE financial institutions such as Dubai International Financial Centre (DIFC), Abu Dhabi Global Market (ADGM), First Abu Dhabi Bank (FAB), Emirates NBD, Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), Dubai Islamic Bank, Commercial Bank of Dubai, Sharjah Islamic Bank, Ajman Bank, National Bank of Fujairah, RAKBANK, Mashreq Bank, and United Arab Bank.

This support underscores their commitment to empowering the national financial sector. It also highlights efforts to reinforce the country's status as a leading global financial hub.

AlKhoori concluded by emphasising that these initiatives support achieving strategic objectives outlined in ‘We the UAE 2031’ vision. They aim to enhance communication between national banks and international investors while promoting dialogue within the global financial community.

With inputs from WAM