DUBAI (WAM)
The Minister of State for Financial Affairs, Mohamed Hadi Al Hussaini, met with Bahrain’s Minister of Industry and Commerce, Abdulla bin Adel Fakhro, to discuss joint cooperation in the financial sector and other areas of mutual interest between the two nations.
The meeting, held at the Ministry's headquarters in Dubai, explored ways to leverage the UAE’s expertise in corporate credit rating and its role in fostering transparency, which encourages companies to expand and innovate.
Emphasising the importance of sharing experiences between the two nations, Al Hussaini said that the UAE has become a leading example in corporate credit rating, boosting investors’ confidence in the country’s business environment and propelling economic growth.
"It is our pleasure to share our experience with the brotherly Kingdom of Bahrain," Al Hussaini said.
Meanwhile, Abdulla bin Adel Fakhro commended the strong financial and economic ties between the UAE and Bahrain, expressing the Kingdom’s keenness to benefit from the UAE’s corporate credit rating experience to strengthen confidence in Bahrain’s private sector.