UAE, China Strengthen Ties With New Oversight Partnership
The United Arab Emirates (UAE) and China have taken a significant step in their bilateral relations with a new partnership focused on building robust audit systems. This collaboration, which supports both nations' shared goals of good governance and sustainable development, was marked by a strategic visit from the UAE Accountability Authority, led by President Humaid Obaid Khalifa Obaid Abushibs.
During his visit, Abushibs held high-level meetings with senior Chinese officials, including Liu Jinguo and Fu Kui. The discussions centered around developing stronger institutional frameworks for investigating administrative and financial violations. The culmination of these talks was the signing of a Memorandum of Understanding (MoU) between Abushibs and Hou Kai, Auditor General of the National Audit Office of China. The MoU outlines cooperation in audit practices and technical knowledge exchange, with a focus on integrating advanced technologies and artificial intelligence in audit processes to enhance financial analysis and oversight.
The new partnership between the UAE and China sets the stage for long-term cooperation in building robust audit systems. Both nations have emphasized their commitment to good governance and sustainable development, with this collaboration being a significant step towards achieving these shared goals.
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