Makhtoum bin Mohammed: Dubai is strengthening its partnerships with major financial institutions and global banking services firms

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of the Dubai International Financial Center, welcomed the Chairman and Chief Executive Officer of JPMorgan Chase Bank, the country’s largest bank, yesterday. The World by Market Value, Daniel Bento.

During the meeting, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum emphasized the importance Dubai attaches to the financial sector and its keenness to strengthen cooperation and partnership relations with major financial institutions and global banking services companies, including JPMorgan Chase Bank. , in light of the history of constructive cooperation between the two sides, as well as in line with the objectives of the Dubai economy, Dubai is keen to find ways to support and develop the business of the UAE and its partners in the region. Agenda D33 aims to strengthen its position in the three most important economic cities and four major financial centers of the world.

In a tweet on Twitter yesterday, His Highness said: “I met with Daniel Pinto, Chairman of the world’s largest bank by market value (JP Morgan Chase). We reviewed with him the bank’s aspirations in light of the opportunities that the UAE and Dubai offer as part of the D33 economic agenda, making Dubai one of the four most important financial centers in the world.

The meeting reviewed the Bank’s goals and aspirations for its business in the region and the great opportunities its markets hold for the financial sector and banking services companies, in light of the opportunities offered by the UAE’s comprehensive growth renaissance. Dubai offers highly efficient and reliable infrastructure and logistics as well as flexible and modern legal structures that guarantee business. A safe and stable climate is one of the most important factors that attract business enterprises that find a spacious location in this environment. At a time when Dubai believes in the importance of using all the guarantees that guarantee the highest success for the fruitful partnerships it has accumulated for a long time with private sector companies in various sectors, to improve and expand their business. In the field of finance and banking.

JPMorgan Chase Bank is one of the most prominent banking companies in the world engaged in financial services, banking transactions and asset management, and the value of the bank’s assets under management worldwide is estimated at approximately $3.7 trillion. At the end of December 2022, the bank’s net income will be $37.7 trillion. billion dollars in 2022. The Bank’s business extends to more than 60 countries and its employee strength exceeds 24,000 employees worldwide, while the Bank has a wide base of prestigious clients, corporations or governments across the globe.