His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Governor of Dubai, Deputy Prime Minister and Minister of Finance, met yesterday, in the office of His Highness, the CEO of the Barclays Global Banking Group, CS Venkatkarishnan.
During the meeting, the prospects for cooperation between Dubai and the Barclays Group were discussed in the financial and banking fields, reviewing the opportunities for growth and expansion in light of the advanced investment environment provided by Dubai and the UAE, and the advanced infrastructure that supports the aspirations of international institutions wishing to enhance their presence in the region.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum stressed, during the meeting, that Dubai continues to establish its position as a global financial center, thanks to the ambitious vision of its wise leadership, and its constant keenness to develop a dynamic business environment that supports innovation and attracts global investments.
His Highness said: “Dubai has a flexible financial and legislative system, and an advanced digital infrastructure, which makes it one of the most attractive cities for global financial institutions, and we believe in the importance of building long -term strategic partnerships with leading institutions such as the Barclet Group, because of this a positive impact on advancing economic development, and enhancing the confidence of global investors in growth opportunities in the region.”
His Highness added: «They are committed to providing all the facilities and support necessary for the major financial institutions that are looking to expand from Dubai towards the markets of the region and the world, as part of the targets of the Dubai Economic Agenda (D33), which aims to double the local product, and consolidate the Dubai site among the three best economic cities in the world.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said in a post on his account on the X platform, yesterday: “I met today, CS, Venkakakarishnan, CEO of (Barclays) Global Banking Group, and we reviewed ways to enhance financial and banking cooperation, and the opportunities for expansion provided by the advanced investment environment in the Emirates and Dubai.”
His Highness added: “We continue to consolidate Dubai’s position as a global financial center, and are committed to building an integrated financial system that starts from Dubai, and restores the features of the global banking scene, reinforcing the Emirates site as a head of a head of the new global economy.”
For his part, Fenkatkarishnan expressed his appreciation for the distinguished economic position that Dubai has, praising its pioneering approach in developing the financial sector, and adopting the latest digital solutions and modern financial technologies, stressing the commitment of “Barclays” commitment to strengthening cooperation relations with its partners in Dubai and the UAE.
The global “Barclays” group provides integrated banking and investment services in more than 40 countries around the world, and the group also provides through its offices at the Dubai International Financial Center specialized services that include investment banking services, corporate financing, asset management and wealth, which reflects the group’s confidence in the capabilities of the Emirati market, and Dubai’s position as a global financial center attractive to major financial institutions.
The meeting was attended by the Secretary -General of the Executive Council of the Emirate of Dubai, Abdullah Al -Basti, Director General of Dubai Finance, Abdul Rahman Saleh Al Saleh, Director General of the Department of Economy and Tourism in Dubai, Hilal Saeed Al Murri, and the Governor of the Dubai International Financial Center, Issa Kazem.
. Maktoum bin Mohammed affirmed the UAE’s keenness to provide all the facilities and support necessary for major financial institutions.
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