CBUAE Joins Meeting of GCC Central Bank Governors Virtually

The Central Bank of the UAE (CBUAE) took part virtually in the sixth meeting of the Preparatory Committee of the GCC Central Bank Governors’ Committee. Held via videoconference today, the meeting focused on strengthening financial cooperation and coordination among GCC member states.

The UAE delegation was headed by Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability. It also included Mohamed Hussain Al Marzooqi, Head of International and Domestic Affairs, alongside senior CBUAE officials.

The Committee examined key monetary and financial developments across GCC economies and assessed ongoing and upcoming initiatives under the joint central banking work programme. Members also discussed opportunities to expand international cooperation in monetary and banking affairs, drawing on international experience and established global best practices.

The meeting further reviewed the latest progress on the agreement aimed at connecting payment systems across GCC countries, supporting greater integration and efficiency in regional payments.

Members also considered recommendations submitted by technical committees and working groups covering banking supervision and regulation, payment systems and cybersecurity. In addition, they reviewed GCC countries’ efforts to strengthen anti-money laundering and countering the financing of terrorism (AML/CFT) frameworks, supporting more resilient financial systems across the region.

The UAE’s participation through the CBUAE underscores its continued commitment to advancing economic and monetary integration across GCC countries. It also reflects the UAE’s focus on sharing expertise and perspectives to support the stability, resilience and sustainable growth of the region’s banking and financial sectors.