The Central Bank of the UAE has signed a Memorandum of Understanding with the National Bank of Kazakhstan and the Agency of Kazakhstan for Regulation and Development of Financial Market. This agreement aims to bolster financial cooperation between the two nations. Khaled Mohamed Balama, the Governor of CBUAE, represented the UAE during the signing, which took place in Abu Dhabi.

Timur Suleimenov, the Governor of the National Bank of Kazakhstan, emphasized the importance of this partnership, noting that it will facilitate information exchange and enhance the regulatory frameworks of both countries. The MoU is expected to pave the way for shared practices in areas such as banking supervision and financial market regulation.

Additionally, the agreement highlights the commitment of both financial institutions to foster collaboration, which is anticipated to contribute to the stability and growth of the financial sectors in both nations. This development aligns with broader goals of enhancing economic ties and investment opportunities between the UAE and Kazakhstan.