UAE pushes for stronger BRICS financial cooperation at India meeting

Talks cover infrastructure finance, capital markets, tax cooperation and global governance

Last updated: August 12, 2026 | 12:21

Nivetha Dayanand, Assistant Business Editor

2 MIN READ

UAE pushes for stronger BRICS financial cooperation at India meeting

Bloomberg

Dubai: The UAE called for stronger financial cooperation among BRICS countries and wider representation for emerging economies in global financial institutions during the first BRICS Finance Ministers and Central Bank Governors Meeting under India’s 2026 presidency.

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Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, is representing the UAE at the two-day meeting in Jaipur, which brings together finance ministers, central bank governors and heads of regional financial and development organisations.

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The discussions cover the global economic outlook, infrastructure financing, public-private partnerships, tax and customs cooperation, capital markets and reforms to global economic governance.

UAE seeks stronger voice for emerging economies

Al Hussaini called for continued work on reforms that improve productivity, attract private capital and deepen domestic capital markets.

He also stressed the need for increased development financing and changes to international economic governance that would give emerging and developing economies fairer representation in international financial institutions.

“BRICS provides an important platform for advancing multilateral action and developing shared responses to global economic and financial challenges,” Al Hussaini said.

The UAE believes it is essential to build on the outcomes of the technical working groups and ensure continuity of the initiatives launched under India’s Presidency. This will help sustain the long-term impact of financial cooperation among BRICS countries and contribute to shaping a more balanced and inclusive global economic system

Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs

Infrastructure and private capital in focus

The UAE is presenting national initiatives covering public-private partnerships, sustainable infrastructure financing, artificial intelligence, digital transformation, climate finance and private capital mobilisation.

Domestic financial market development is also part of the UAE’s contribution to the BRICS technical discussions.

The meeting is examining ways to strengthen cooperation among member countries in responding to global economic challenges, with particular attention to the resilience of emerging and developing economies.

New Development Bank talks

The UAE is also participating in high-level events on the sidelines of the meeting, including a seminar on the role of the New Development Bank in mobilising private capital across BRICS countries.

A separate workshop on resilient growth in emerging economies is looking at risk financing and infrastructure resilience, with the aim of improving how economies respond to rising economic and financial risks.

The BRICS finance meeting runs on August 12 and 13 under India’s presidency.

Nivetha DayanandAssistant Business Editor

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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