Search DubaiPRNetwork.com

Dubai and UAE

Thursday, September 21, 2023/ Editor

Home >> Local News and Government

Mohamed Al Husseini Discusses Strengthening Financial and Investment Relations with a High-level Delegation from the Republic of the Philippines

Home >> Local News and Government

Dubai, UAE: 20 September 2023 – His Excellency Mohamed bin Hadi Al Husseini, Minister of State for Financial Affairs, received a high-level delegation from the Republic of the Philippines at the Ministry of Finance’s Dubai office, in the presence of His Excellency Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, and a number of Ministry’s officials.


The delegation included His Excellency Dr. Benjamin Diokno, Secretary of Finance, Her Excellency Amenah Pangandaman, Secretary of the Department of Budget and Management, His Excellency Dr. Arsenio Balisacan, Secretary of the National Economic and Development Authority, Dr. Francisco G. Dakila, Jr., Deputy Governor of the Central Bank of the Philippines, Rosalia V. de Leon, National Treasurer, and Alfonso Ferdinand A. Ver, Ambassador of the Philippines to the UAE.
The meeting discussed strengthening cooperation in financial and investment services between the two countries who will celebrate the 50th anniversary of diplomatic relations between them in 2024. Bilateral relations peaked in 2021 and 2022, after the signing of a series of memorandums of understanding, including the agreement to boost mutual investments and protect them from non-commercial risks in June 2022, and the beginning of talks on the Comprehensive Economic Partnership Agreement in February 2022.


Both parties discussed ways to enhance investment flows and potential investment opportunities, especially with the establishment of the Philippines’ first-ever sovereign wealth fund, as well as the exchange of financial solutions between the bodies representing the two countries. The delegation from the Philippines also introduced the bonds for Overseas Filipino Workers that were announced in cooperation with the National Bonds Corporation, and coordinated by the Central Bank of the Philippines with a group of international banks, including Dubai Islamic Bank.
The delegation’s visit to the UAE is part of a global tour that includes the United States of America, the United Kingdom, Canada, and Singapore.

 

 

Share


Previous in Local News and Government

Next in Local News and Government


Home >> Local News and Government Section

Latest Press Release

Ardee Announces Sales Launch of AED 70 Million Super Mansions at Fairmont Residences Al Marjan Islan ...

Hourglass cosmetics redefines the art of self-expression with the launch of an innovative eye collec ...

Emirates expands its Premium Economy offering on services to Male and Colombo

du launches Experience X internship program to empower UAE national youth

Experience Art, Adventure, and Heritage at Dubai Culture's Summer Camps 2025

DAFZ Announces Opening of Fakeeh Health's First Smart Clinic in Dubai

Hamdan Bin Rashid Al Maktoum Foundation Launches Summer Camp 2025 for Gifted Students under the Them ...

Al Masaood Automobiles Offers Exclusive First Look at 2026 Nissan Patrol NISMO Following World Premi ...

Mohamed bin Hadi Al Hussaini, Pakistan's Minister of Finance discuss ways to enhance cooperation in ...

UAE Circular Economy Council discusses policies to accelerate shift to circular models and expand bi ...

Big Wins Continue with PrivilegePLUS at Mercato & Town Centre Jumeirah!

Dubai Customs hosts Sheikh Mansour bin Ibrahim Al-Mualla to discuss ways of cooperation and strength ...

Christophe Robin's Summer Travel Essentials for Good Hair Days

Dubai Municipality and Parkin sign agreement to enhance the efficiency of public parking infrastruct ...

Dubai Airports launches DXB Greet & Go: a smart, QR code-based pickup service at Terminal 3

Dubai Sports World Returns for Action-Packed August Edition

The World Between Lines and Symbols: An Interactive Art Workshop at Mohammed Bin Rashid Library

Malls Across Dubai Come Alive This DSS With Non-Stop Entertainment, Unbeatable Prizes, and Endless S ...

Emirates A350 debuts in Dammam

Emirates Post collaborates with Dream Dubai to launch AED100,000 prize campaign to celebrate UAE's Y ...