Khaled Al Tameemi appointed as UAE Central Bank governor

The UAE has appointed Khaled Mohamed Balama Al Tameemi as the governor of the country’s central bank.

Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, issued a decree for the appointment.

Al Tameemi has more than 30 years of experience in the field of banking, financial services, asset management and investments. He was a board member at the Central Bank, General Pension and Social Security Authority, as well as the Emirates Integrate Telecommunications Company (du).

He was previously the central bank’s deputy governor, having been appointed in February this year.

Read: UAE’s Central Bank appoints Khaled Al Tameemi as Vice Governor

Al Tameemi will take over the new role from Abdulhamid Saeed Alahmadi, who became governor in April 2020.

Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and chairman of the Board of Directors of the UAE Central Bank, chaired the regular meeting of the Board of Directors on Wednesday. The council approved the requests to establish national banks and institutions in the country, official news agency WAM reported.

The council also approved the third and new issuance of the paper currency, in line with the country’s preparations for the ‘Year of Fifty’.

The UAE pledged billions of dollars last year to combat the impact of the virus – mostly monetary programmes aimed at reducing or waiving payments. Its economy is set to grow 3.1 per cent this year, according to the International Monetary Fund’s latest estimates, a partial recovery from last year’s 6 per cent contraction.

With inputs from Bloomberg