The UAE holds the Strategic Financial Dialogue Forum with the Russian Federation

Abu Dhabi, February 17 / WAM / The UAE, represented by the Ministry of Finance, held the “UAE -Russian Strategic Dialogue Forum” in Abu Dhabi today, with the aim of enhancing cooperation in various financial and economic fields of common concern, and discussing best practices in preparing budgets and partnerships between the public and private sectors And tax cooperation.
The forum was attended by the Emirati side, His Excellency Mohammed bin Hadi Al -Husseini, Minister of State for Financial Affairs, His Excellency Younis Haji Al -Khoury, Undersecretary of the Ministry of Finance, His Excellency Saeed Rashid Al -Yatim, Assistant Undersecretary of the Budget and Government Revenue Sector, and Ali Abdullah Sharafi, Assistant Undersecretary for Financial Relations Affairs Acting International, Shebeen Aman Khan Begham, CEO of the tax policy sector, and a number of officials in the Ministry of Finance.
The Russian side was attended by His Excellency Anton Silwanov, Minister of Finance, His Excellency Irina Oakladnikova, First Deputy Finance Minister, Alexei Szanov, Deputy Minister of Finance, His Excellency Ivan Chebebeskov, Deputy Minister of Finance, and a number of senior officials in the ministry.
In his opening speech to the forum, His Excellency Muhammad bin Hadi Al -Husseini welcomed His Excellency Anton Silwanov, Minister of Finance in the Russian Federation and his accompanying delegation, and His Excellency stressed that the forum comes within the framework of enhancing financial and investment cooperation, by exchanging experiences and developing joint financial policies.
His Excellency said: The Emirati -Russian partnership represents a model for sustainable economic cooperation, as we are keen to enhance mutual investments, and we aim through this strategic dialogue to develop modern mechanisms for preparing budgets, stimulating the partnership between the public and private sectors, and cooperation in the tax fields.
His Excellency stressed that the UAE continues to consolidate its position as a global financial center by building strategic partnerships with major economies, which enhances the flexibility of our national economy and opens new horizons for future growth, noting that the signing of the agreement to avoid double taxation with Russia reflects our commitment to providing an investment environment in support of sustainable economic growth.
At the end of his speech, His Excellency expressed his sincere thanks and appreciation to all the participants for their fruitful contributions to this constructive dialogue, and for the innovative ideas they put forward that will push the financial sector towards wider horizons, and will enhance the comprehensive and sustainable development process in both countries.
In turn, His Excellency Anton Celuanov said in his speech: The holding of the first meeting of the strategic financial dialogue between Russia and the UAE reflects the strength of relations between the two countries and the common concern to expand the horizons of cooperation. The visions of the two countries also correspond to the current issues of financial development, including the development of budget preparation mechanisms and number, as well as the exchange of best practices in the field of public and private sectors.
The dialogue witnessed the signing of the agreement to avoid double taxation between the governments of Russia and the UAE on the sidelines of the meeting, as the work teams in the ministries of Finance made extensive efforts to ensure the achievement of the interests of the two parties, to create an attractive investment environment, and avoid the tax duplication of legal entities and individuals.
This step will stimulate the movement of trade, increase the flow of investments, and enhance the business environment to serve the interests and peoples of the two countries.
The agreement was signed by the Emirati side, His Excellency Mohammed bin Hadi Al -Husseini, Minister of State for Finance, and on the Russian side, His Excellency Anton Selwanov, Minister of Finance.
The forum witnessed the convening of four dialogue sessions, as the first session discussed the stages of preparing the federal budget and employing modern technologies, and the second session discussed the partnership between the public and private sectors, and the third session reviewed the developments in the field of international taxes, and the fourth session focused on enhancing cooperation in the areas of multiple financing.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter