Dubai committed to provide firms with growth-friendly ecosystem

Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, on Wednesday met with Bill Thomas, Global Chairman and CEO of KPMG International.

In his discussions with the KPMG International Chairman and CEO that took place at the Dubai International Financial Centre, Sheikh Maktoum stressed Dubai’s commitment to forge strong partnerships with the world’s leading professional services companies.

KPMG is a global network of independent member firms offering audit, tax and advisory services.

Operating in 145 countries and territories, KPMG serves the needs of businesses, governments, public-sector agencies, not-for-profits and the capital markets.

During the meeting, Sheikh Maktoum said that Dubai is committed to providing global professional and financial services companies with the growth-friendly ecosystem, world-class infrastructure and legislative framework necessary to develop their business in the country and tap the vast opportunities in the fast-growing markets of the extended region.

The platform provided by Dubai has supported many global companies in the sector in advancing their reach, growth and innovation in the region, His Highness noted.

The Chairman of KPMG International expressed his appreciation for the support extended by Dubai and the UAE to the company and the emirate’s efforts to catalyse the development of the professional and financial services market in the region.

He said KPMG looks forward to new opportunities to strengthen its relationship with the UAE and Dubai. Dubai’s emergence as a key regional financial hub and its world-class infrastructure have created new avenues for global firms to expand their business and advance innovation.

The meeting was attended by Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, and Essa Kazim, Governor of the Dubai International Financial Centre.

  Sheikh Maktoum Bin Mohammed had recently chaired a meeting of the Dubai Judicial Council at the Dubai International Financial Centre (DIFC).

During the meeting, Sheikh Maktoum was briefed on the Council’s operations, achievements, and plans.

He also reviewed several initiatives rolled out as part of the directives of the Council’s Chairman for the continued development of Dubai’s judicial system.

Sheikh Maktoum Bin Mohammed commended the members of the Council for their dedication to realising the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to strengthen the rule of law, which is the fundamental guarantee for preserving human rights.

The Deputy Ruler of Dubai noted that meeting Sheikh Mohammed’s expectations required redoubling efforts to increase efficiency and performance in line with international benchmarks.

The Chairman of the Dubai Judicial Council also approved training sessions for 15 Emiratis at Dubai Judicial Institute to prepare them for their eventual appointment as assistant prosecutors at the Public Prosecution.

Sheikh Maktoum also approved the appointment of four Emirati judges as part of efforts to recruit locals in the judicial sector.

He also approved the appointment of several judges seconded from various brotherly Arab countries.

In a move that seeks to support Dubai’s judicial talent, Sheikh Maktoum also approved the promotion of several meritorious members of the judicial authority.

On the sidelines of the meeting, he felicitated Abbas Othman Abbas, the former director of the Judicial Inspection Department in Dubai, for his efforts during his tenure.

The meeting was attended by Mohammed Ibrahim Al Shaibani, Director-General of The Dubai Ruler’s Court and Deputy Chairman of the Dubai Judicial Council; Essam Issa Al Humaidan, Attorney-General of Dubai; Taresh Eid Al Mansouri, Director-General of the Dubai Courts; and Dr. Saif Ghanim Al Suwaidi, Secretary-General of Dubai Judicial Council, along with other members of the Council.Sheikh Maktoum also  announced the launch of the Dubai FinTech Summit, a global event that will bring together more than 5,000 experts, thought leaders, policymakers and decision-makers in Dubai to discuss how they can shape a new wave of innovation, enterprise and growth for the international financial industry.

To be organised by the Dubai International Financial Centre (DIFC), the Dubai FinTech Summit, will take place on 8 and 9 May 2023 at Madinat Jumeirah, Dubai. The event will see some of the world’s biggest personalities in the industry delivering keynote presentations, sharing their perspectives on industry challenges and identifying opportunities to maximise the impact of FinTech for people, businesses and economies.