Urgent statement from the Governor of the Central Bank a short time ago

Khalid Muhammad Balama, Governor of the Central Bank of the United Arab Emirates, said that the election of His Highness Sheikh Mohamed bin Zayed Al Nahyan as President of the United Arab Emirates, by the unanimous consent of the members of the Federal Supreme Council, confirms his leadership and historical role in serving the nation and the citizen, and preserving and enhancing the achievements of the Union, including It achieves the interests of the state at all levels.

Balamy added that the wise leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, is nothing but an extension of the thought of the founder of the state, the late Sheikh Zayed bin Sultan Al Nahyan, and the approach of Sheikh Khalifa bin Zayed Al Nahyan, may God have mercy on him, in consolidating the principles of the union, consolidating the state's gains and advancing it and with His Highness assuming the responsibility of the presidency of the country, the UAE is entering a new era of growth and prosperity, which is reflected in its prosperity and progress, and enhances its position and pioneering role as an effective and influential financial and economic power, and a global development model to follow.

Balama said: "We congratulate His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and pledge to work with every effort and determination to embody his wise vision in developing the financial sector, strengthening the UAE's position as an advanced global financial center, and supporting the country's comprehensive development process under his wise leadership."