Mohammed bin Rashid meets with the Chairman of the Board of Directors of Bank of America
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met today, in the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, at the Zabeel Palace in Dubai, Brian Moynihan, Chairman and CEO of Bank of America, one of the world's largest banks by market capitalization.
His Highness Sheikh Mohammed bin Rashid reviewed with the Chairman of the Board of Directors of Bank of America the continuous positive development in the cooperation relations between the bank and the UAE, in light of the great opportunities that the country offers to the global banking sector through its ambitious development plans, mega projects and the creation of a supportive environment. Business, which established its position as a major destination for investment in the region, and one of the main axes for the financial industry worldwide. The meeting also dealt with ways through which Bank of America can be enabled to expand its business at the country and region levels.
The meeting also touched on the UAE's keenness to strengthen its network of relations with its strategic partners in the field of financial and banking services from around the world, to consolidate its position as one of the most important destinations for investment and entrepreneurship and the most attractive for creative competencies and creative energies in the same field, based on the UAE's keenness to play an effective role. As a support hub for the sector at the global level by providing real added value that serves the interests of its institutions and companies of various sizes, and confirming its contribution as a positive partner in supporting the future directions of the global financial sector.
His Highness Sheikh Mohammed bin Rashid Al Maktoum reviewed with the Chairman of the Board of Directors of Bank of America the most important developments in the global economy, as well as the economic aspirations of the UAE for the next stage. The three best economic cities in the world over the next ten years, and the elements that support this goal, most notably the high-level infrastructure, the flexible regulatory and legislative environment, and the vast opportunities that these data provide for international companies to achieve new successes in the region.
For his part, the Chairman and CEO of Bank of America expressed his appreciation for the UAE, and for the advanced model presented by the Emirate of Dubai as a financial center with advanced capabilities, and as a major global platform for the bank to manage its business in the region and serve its aspirations for the future in it.
The meeting was attended by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Civil Aviation Authority and Supreme Chairman of the Emirates Airlines Group, His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council, and His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports Council. .
Bank of America, affiliated to the giant Merrill Lynch Corporation, is one of the leading global financial institutions in the field of wealth management and investment banking services. Within 35 countries, and the number of employees in it is about 213 thousand employees.
The bank established its regional headquarters in the Dubai International Financial Center in 2007 to manage the bank's business in the Middle East and North Africa region
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