Emirates Information Company – Maktoum bin Mohammed: Dubai’s progressive financial insurance policies assist its sustainable improvement journey


DUBAI, twenty fourth Might, 2023 (WAM) – H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE, as we speak met with Douglas L. Peterson, President and Chief Government Officer of S&P World, on the Dubai Worldwide Monetary Centre (DIFC).

Through the assembly, H.H. mentioned that Dubai’s versatile financial insurance policies have enabled the emirate to maintain tempo with modifications within the world surroundings and lift its efficiency throughout important sectors. These insurance policies proceed to assist Dubai’s sustainable improvement journey and its innovation-driven progress aspirations, he famous.

The assembly additionally mentioned Dubai’s progressive monetary insurance policies developed in step with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which have enhanced its stability and resilience, and its skill to rebound from the impression of worldwide crises and speed up its progress momentum.

The assembly additionally mentioned Dubai’s efforts to advertise innovation and appeal to expertise from all over the world. Sheikh Maktoum highlighted the brand new visionary progress path that the emirate has charted, which locations excessive precedence on productive partnerships with the worldwide enterprise group and initiatives to boost its standing as world industrial hub. Dubai goals to be a centre for futuristic industries and applied sciences and a pioneer in adopting game-changing developments throughout industries. Dubai continues to develop its pro-growth, business-friendly regulatory framework to offer enterprises the best surroundings to innovate and thrive, he added.

The assembly was attended by Abdulrahman Al Saleh, Director Basic of Dubai’s Division of Finance (DOF); Helal Al Marri, Director Basic of Dubai’s Division of Economic system and Tourism and Essa Kazim, Governor of DIFC.

One of many ‘Massive Three’ credit standing businesses, S&P World gives credit score rankings, benchmarks, analytics and workflow options within the world capital, commodity and automotive markets. With over 70 workplaces in 35 nations, and over 45,000 clients in additional than 150 nations, S&P World gives governments, companies and people with the info, experience and related know-how wanted to make choices and plan for the long run. The corporate reported world revenues of near $12 billion for the 12 months ending March 31, 2023, a year-on-year enhance of 37.85%.

S&P opened its first workplace within the area within the Dubai Worldwide Monetary Centre in 2008. The DIFC workplace serves as the corporate’s Center East regional workplace.


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