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UAE and Chad Discuss Ways to Strengthen Cooperation in Financial Sector - Middle East Business News and Information
UAE and Chad Discuss Ways to Strengthen Cooperation in Financial Sector - Middle East Business News and Information

Mid East Info

time12-07-2025

  • Business
  • Mid East Info

UAE and Chad Discuss Ways to Strengthen Cooperation in Financial Sector - Middle East Business News and Information

His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, has received H.E Tahir Hamid Nguilin, Chad's Minister of Finance, Budget, Economy, Planning and International Cooperation, to discuss ways to strengthen cooperation in financial sector. Held at the Ministry of Finance offices in Dubai, the meeting brought together several senior Chadian officials, including H.E. Guibolo Fanga Mathieu, Minister of Trade and Industry; H.E. Fatima Goukouni Weddey, Minister of Transport, Civil Aviation, and National Meteorology; H.E. Fatime Aldjineh Garfa, Minister Delegate to the Ministry of Foreign Affairs; and Oumar Teguen Idibei Berde, Ambassador of the Republic of Chad to the UAE. The two sides explored ways to enhance institutional partnerships and activate financial cooperation mechanisms. H.E Al Hussaini reaffirmed that the UAE is committed to strengthening financial collaboration with friendly nations. 'Exchanging technical knowledge and investing in capacity building are essential to raising the efficiency of government financial systems and achieving long-term fiscal sustainability,' he said. The meeting concluded with a mutual agreement on the importance of sustained coordination and communication between the two countries. Both sides underscored their shared interest in deepening bilateral cooperation and exchanging best practices to support national development priorities.

UAE President receives written message from President of Chad
UAE President receives written message from President of Chad

Sharjah 24

time11-07-2025

  • Business
  • Sharjah 24

UAE President receives written message from President of Chad

The message was received by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, during his meeting with Tahir Hamid Nguilin, Minister of Finance, Budget, Economy, Planning and International Cooperation of Chad, at Qasr Al Watan in Abu Dhabi. During the meeting, H.H. Sheikh Mansour and the Chadian minister discussed avenues of cooperation between the UAE and Chad and explored ways to develop them across various sectors in support of mutual interests and sustainable development in both countries. The two sides also exchanged views on a number of regional and international issues of common interest. The meeting was attended by Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; and several other officials.

UAE, Chad discuss ways to strengthen cooperation in financial sector
UAE, Chad discuss ways to strengthen cooperation in financial sector

Al Etihad

time10-07-2025

  • Business
  • Al Etihad

UAE, Chad discuss ways to strengthen cooperation in financial sector

10 July 2025 18:48 DUBAI (WAM)Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, has received Tahir Hamid Nguilin, Chad's Minister of Finance, Budget, Economy, Planning and International Cooperation, to discuss ways to strengthen cooperation in financial at the Ministry of Finance offices in Dubai, the meeting brought together several senior Chadian officials, including Guibolo Fanga Mathieu, Minister of Trade and Industry; Fatima Goukouni Weddey, Minister of Transport, Civil Aviation, and National Meteorology; Fatime Aldjineh Garfa, Minister Delegate to the Ministry of Foreign Affairs; and Oumar Teguen Idibei Berde, Ambassador of the Republic of Chad to the two sides explored ways to enhance institutional partnerships and activate financial cooperation Hussaini reaffirmed that the UAE is committed to strengthening financial collaboration with friendly nations. 'Exchanging technical knowledge and investing in capacity building are essential to raising the efficiency of government financial systems and achieving long-term fiscal sustainability,' he meeting concluded with a mutual agreement on the importance of sustained coordination and communication between the two countries. Both sides underscored their shared interest in deepening bilateral cooperation and exchanging best practices to support national development priorities.

Chad seeks $30bn investment for development plan
Chad seeks $30bn investment for development plan

TimesLIVE

time04-06-2025

  • Business
  • TimesLIVE

Chad seeks $30bn investment for development plan

Chad's national development plan seeks $30bn (R533.54bn) in public and private investment as it pursues growth in areas including digitalisation and infrastructure, the Central African country's finance minister Tahir Hamid Nguilin said on Tuesday. The plan called "Chad Connection 2030" is backed by the International Monetary Fund, which last month reached an agreement with the country for a four-year financial support programme worth about $630m (R11.20bn), and by the World Bank. It will be launched in September in Abu Dhabi, and aims to conclude deals with investors in sectors including roads, electricity and the digital economy. This is expected to generate average annual economic growth of 8% over the 2025-2030 period, Nguilin told journalists. Over the same period, the country's debt level will remain at 32% of gross domestic product, or around $2bn (R35.57bn), he said. Nguilin said the investment would help Chad to lift its citizens out of poverty, reduce its maternal mortality rate by 50% and double agricultural production. He added that the government plans to grant exploration permits to private companies operating in the oil and mining sectors, which should increase production. "Roughly speaking, we were favouring private rather than public investment, so that by the end of 2030, the share of the mining sector, excluding oil, could be at least 5% of GDP," Nguilin said, adding the current share, including artisanal mining, represented 1%-2%.

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