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Maktoum bin Mohammed meets Lord Peter Mandelson

posted on 15/02/2010: 803 views



Deputy Ruler of Dubai and Chairman of the Dubai International Financial Centre HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum received at his office in Dubai yesterday British Secretary of State for Business, Enterprise and Regulatory Reform Lord Peter Mandelson.

At a meeting they reviewed the global economic situation and pondered on ways to move the wheels of economy forward, with particular emphasis on activating the role of global financial and banking institutions through coordination and cooperation.

Sheikh Maktoum and Lord Mandelson jointly stressed the importance of restoring confidence in the markets and international financial institutions so as to improve their performance, particularly in light of the prevailing atmosphere of optimism that emerged with the dawning of the new year.

Talks also dealt with the means to enhance communication between financial institutions in the UAE and their counterparts in Britain to build a solid base for cooperation and coordination among themselves so as to achieve common interests.

The meeting was attended by HH Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates Group, HE Reem Ibrahim Al Hashemi, Minister of State, HE Ahmed Humaid Al Tayer, Governor of Dubai International Financial Centre, a number of other officials and British ambassador to UAE Edward Anthony Oakden. - Emirates News Agency, WAM

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