UAE and Kazakhstan Agree on Financial Cooperation and Information Exchange

UAE, 11 April, 2025 : The Central Bank of the UAE (CBUAE), the National Bank of Kazakhstan, and Kazakhstan’s Agency for Regulation and Development of the Financial Market signed a Memorandum of Understanding (MoU) to enhance cooperation and information exchange in financial sectors.

The MoU was signed by CBUAE Governor H.E. Khaled Mohamed Balama, Kazakhstan’s Central Bank Governor H.E. Timur Suleimenov, and Agency Chair H.E. Madina Abylkassymova. It aims to promote collaboration in areas such as financial market development, FinTech, central bank digital currencies (CBDCs), Islamic finance, cybersecurity, and regulatory best practices.

H.E. Balama emphasized the strategic importance of the partnership, stating it will strengthen ties between the two nations and open up new opportunities in banking and finance.

H.E. Suleimenov highlighted the role of the agreement in advancing cooperation in finance and digital currency initiatives, while H.E. Abylkassymova noted the MoU would help enhance financial regulation and stability in both jurisdictions.

The agreement marks a step forward in fostering financial innovation and deepening UAE-Kazakhstan economic ties.