‘UAE to remain safe haven for investment’

Shaikh Mohammed bin Rashid Al Maktoum, VicePresident and Prime Minister of the UAE and Ruler of Dubai, received Michael L. Corbat, chief executive officer of Citigroup, and Atiqur Rehman, chief executive officer for Citigroup Middle East Division.

Shaikh Mohammed and Corbat discussed Citigroup's financial and banking operations in the UAE and the region through its regional office in the Dubai International Financial Centre.

Praising the role of Citigroup in supporting the UAE national economy through its investments and banking operations to boost investments and growth, Shaikh Mohammed emphasised that the UAE in general, and Dubai in particular, will always remain a safe and secure haven for global investments, regardless of their size and diversity, through providing all capabilities for their success includ- ing infrastructure, flexible laws with international standards and social stability. For his part, Corbat thanked Shaikh Mohammed for the globally unique government facilities and care provided to the group's branches and staff.

He attributed the group's success in the region to the laws and the constructive cooperation of all Dubai authorities, which guarantee all that helps the group and all other global companies to expand and intensity operations in an environment which is stable and safe by all standards.

Present at the meeting at Zabeel Palace were Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; Shaikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman and Chief Executive of Emirates airline and Group; Mohammed Ibrahim Al Shaibani, Director of the Dubai Ruler's Court, and Khalifa Saeed Sulaiman, Director General for Protocol and Hospitality in Dubai.