UAE deepening ties with global financial institutions: Maktoum

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 Thursday met with Masahiro Kihara, President and Group CEO of Mizuho Financial Group, one of Japan's largest financial institutions.

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The meeting took place at The Ruler’s Court in Dubai. During the meeting, Sheikh Maktoum reaffirmed the UAE's commitment to deepening ties with leading global financial institutions as part of its strategic vision to expand its role as a pivotal player in the international financial industry.

Sheikh Maktoum noted that the UAE’s robust infrastructure, streamlined regulations and progressive business environment offer global financial firms an ideal platform to tap into fast-emerging growth opportunities across the Middle East, Africa and South Asia (MEASA) region.

The discussions highlighted Dubai's ambitious roadmap for the growth of its financial sector, including plans to enhance capital market depth and liquidity, and establish the city as one of the world’s top four financial centres, in line with the Dubai Economic Agenda D33.

The meeting also highlighted Dubai's pro-business policies, which continue to attract leading financial institutions and foster new partnerships across the world.

Furthermore, the meeting discussed potential pathways for expanding Mizuho Financial Group’s engagement in the region and opportunities to collaborate in vital financial sectors, including emerging areas driven by new financial and digital technologies.