UAE to strengthen its global status as financial dialogue destination

UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, has affirmed that its efforts to host SIBOS 2029, the world’s premier global financial services conference and exhibition, organised annually by the Society for Worldwide Interbank Financial Telecommunication (Swift), aim to further strengthen the UAE's position as a leading destination for major international events and driving constructive dialogue to advance banking and financial services.

- Sajjad Ahmad, Deputy Business Editor

This initiative is carried out under the direct supervision of the Central Bank of the United Arab Emirates (CBUAE), and in full cooperation with UBF’s strategic partners; Dubai International Financial Centre (DIFC), Dubai World Trade Centre (DWTC), and Dubai Department of Economy and Tourism (DET).

AbdulAziz Al-Ghurair, Chairman of UBF, highlighted during a press conference the steps being taken to host this global event in a manner that reflects the UAE's ‘status as an international financial and banking hub. The press conference was attended by Mr. Javier Pérez-Tasso, Chief Executive Officer of Swift, and members of UBF’s Advisory Council comprising CEOs of member banks.

H.E. Al Ghurair said: “The selection of Dubai to host SIBOS for the second time reflects the deep confidence that the global financial and banking community places in the UAE and its progress, underpinned by a secure, advanced, and interconnected financial ecosystem developed under the supervision of the Central Bank of the UAE. The UAE is the only country in the Middle East and Africa ever chosen to host this global event. Organising SIBOS aligns with the country’s strategic priorities and the ‘We the UAE 2031’ vision, which places strong emphasis on innovation, economic diversification, and digital leadership. It positions the UAE at the forefront of global discussions shaping the future of payments and financial services.”