Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, yesterday received David De Rothschild, Chairman of Rothschild Continuation Holding, accompanied by Gerhard Schroeder, Senior Consultant of the German International Bank.

Shaikh Mohammad and his guests discussed the financial and investment situations on regional and international levels, and international economic growth.

Rothschild, chairman of one of the world's largest investment banks, said that the UAE has set new international standards for the development of national economy to reach the highest levels of growth, variety and success.

He said that the wise vision of Shaikh Mohammad made the UAE and Dubai in particular an ideal place for all types of investment, through providing a suitable investment climate, based on the superior infrastructure, flexible laws and qualified leaderships.

Rothschild, who opened a regional office for his bank in the Dubai International Financial Centre, stressed the keenness of himself and his board members to enhance the bank's presence in Dubai, as the city has a good reputation in the world of business and economy.