H.E. Obaid Humaid Al Tayer meets with US Treasury Secretary Steven Mnuchin
H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs, met yesterday with the US Treasury Secretary Steven Mnuchin in Abu Dhabi. H.E. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, as well as representatives of the UAE Central Bank attended the meeting – which sought to deliberate joint strategic relations and financial and economic cooperation between the United Arab Emirates and the United States of America.
During the meeting, H.E. Obaid Humaid Al Tayer expressed the UAE's strong commitment to further consolidate joint dialogue with the United States of America, as it is one of the country's most important strategic partners. H.E. Al Tayer said: “The Ministry of Finance is keen to strengthen bilateral relations between both countries in all areas of common interest, especially in the economic, financial and investment sectors.”
The UAE is the largest non-oil trading partner of the United States in the region, and the first destination for US exports of products and services to the Middle East. The United States is the third largest trading partner of the UAE in the world, as well as the third largest foreign investor in the nation's markets.
UAE Ministry of Finance
The UAE Ministry of Finance (MoF) is responsible for implementing all fiscal, monetary and industrial policies related to the UAE’s economic development. Among its core responsibilities are the preparation and allocation of the Federal Budget and the management of the government’s financial position.