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UAE Continues to Attract Foreign Financial Investments


UAE : 15 May 2011

Global firms continue to be drawn to the UAE as the nation holds its position as a financial and business hub for the region, according to local senior bankers. The Emirates NBD chairman, Ahmad Humaid Al Tayer met with a Citigroup delegation in Dubai recently and noted the positive gains in tourism, banking, the service industry and aviation.

Al Tayer also stated that expectations see the economy in the UAE maintaining a 4 percent average for 2011.

The chairman also emphasized the fact that the UAE holds the region’s top spot as the financial and business hub. He noted that global firms and investments continue to be drawn to the area.

Citigroup’s securities and banking CEO, James Forese, and Citigroup’s Global Markets CEO of MENA, Atiq Ur Rehman, joined the senior executive director and head of the public sector group for Citi Markets and Banking, Bobby Thomas, on the delegation. Emirates NBD CEO, Rick Pudner, was also present at the meeting.

Paul Holdsworth, Staff Writer, Gulf Jobs Market News
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