CEO of Citi International Group

Maktoum bin Mohammed: The UAE is keen to develop its ties with the global business community

Maktoum bin Mohammed during his meeting with Jane Fraser.

From the source

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, yesterday received Jane Fraser, CEO of Citi International Group, one of the largest global institutions specialized in banking and banking services.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, CEO of City Group, welcomed the meeting, which took place at Emirates Towers in Dubai, where the development of the long partnership between the UAE and the global group dating back to 1964 was reviewed. With the opening of “Citibank”, a subsidiary of the group, headquartered in Dubai, the partnership entered a new phase in 2006, with which the group’s presence in the emirate and the region was strengthened, through the establishment of its regional headquarters in the Dubai International Financial Center, in order to manage its business and serve its customers in the region The Middle East.

During the meeting, the financial and banking activities that the group specializes in and offer to its clients in the UAE as well as the region through its regional center in the Dubai International Financial Center were reviewed. His Highness affirmed the country's keenness to develop its ties with the global business and financial community, by providing its various components with all the ingredients that qualify for excellence. In pursuit of more joint successes, and based on a set of facts that ensure more prosperity for existing partnerships and contribute to expanding their scope and creating more of them.

His Highness said, in a tweet on Twitter, yesterday: "I met Mrs. Jane Fraser, CEO of Citi International Group.

We reviewed the UAE's partnership with the group, which extends for nearly six decades, and its global leadership, which relies on Dubai as its hub.

Our vision for the future of the financial and banking sector ensures the continued growth and enhancement of the successes of its major groups regionally and globally.”

The talk touched on the most important elements of the supportive environment that Dubai provides to various business sectors, the most important of which is the financial and banking sector, foremost of which is the advanced logistical and technical infrastructure, and the updated legislative frameworks that guarantee global financial institutions, and the diversity of their business volumes, the appropriate atmosphere that enables them to achieve their strategic objectives within A work system that is flexible and able to adapt to various variables, while following best practices and applying the highest international standards.

The services provided by the Citi Group, which is one of the largest international financial institutions, vary, as it provides its services to millions of customers around the world, whether individuals or institutions in about 160 countries and regions. In 2021, the group’s global revenues amounted to $71.9 billion.

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