Turkmenistan and UAE Strengthen Economic and Investment Cooperation

The State Bank for Foreign Economic Affairs of Turkmenistan and the United Arab Emirates have held talks on enhancing economic and investment cooperation, according to Trend, citing the UAE Embassy in Ashgabat.

The talks were held during a meeting between Rahimberdi Jepbarov, Chairman of the State Bank for Foreign Economic Affairs of Turkmenistan, and Ahmed Al Hameli, the UAE Ambassador to Turkmenistan, The Caspian Post reports citing Trend.

The State Bank plays a pivotal role in representing the Turkmen government in international capital markets, facilitating the acquisition of medium- and long-term foreign loans for key investment projects. Additionally, the bank serves as the Office of the Governor for Turkmenistan at the Islamic Development Bank.