Maktoum reaffirms UAE's drive to forging strategic partnerships

Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Centre (DIFC), on Friday met with Nonkululeko Nyembezi, Independent Non-Executive Chairperson of Standard Bank Group (SBG), one of Africa's largest banks.

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During the meeting, Sheikh Maktoum reaffirmed the UAE's commitment to forging strategic partnerships with leading global and regional financial institutions, in line with its ambition to strengthen its position as an international hub for finance, capital, and trade.

He noted that the UAE's world-class infrastructure, forward-looking regulations, and business-friendly environment continue to provide fertile ground for financial institutions to expand their footprint and drive growth across new markets.

The discussions touched on Standard Bank Group's plans for expansion in the Middle East and opportunities for collaboration with the UAE's growing financial and investment ecosystem.

The meeting also discussed how Dubai can support the bank’s efforts to connect GCC capital with infrastructure development in Africa, further building Middle East-Africa ties and contributing to sustainable economic growth in the continent.

Sheikh Maktoum highlighted Dubai's efforts to serve as a bridge for economic linkages between global markets, supporting initiatives that drive shared prosperity and long-term development. Such partnerships align with the Dubai Economic Agenda (D33), which aims to double the emirate’s GDP and establish it as one of the world’s top four global financial hubs by 2033, he added.