Sheikh Maktoum meets S&P Global’s Douglas L. Peterson

Dubai: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE, met with Douglas L. Peterson, President and CEO of S&P Global, at the Dubai International Financial Centre (DIFC), on Wednesday.

During the meeting, Sheikh Maktoum said that Dubai’s flexible economic policies have enabled the emirate to keep pace with changes in the global environment and raise its performance across vital sectors. These policies continue to support Dubai’s sustainable development journey and its innovation-driven growth aspirations, he noted.

The meeting also discussed Dubai’s progressive financial policies developed in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which have enhanced its stability and resilience, and its ability to rebound from the impact of global crises and accelerate its growth momentum.

The meeting also discussed Dubai’s efforts to promote innovation and attract talent from around the world. Sheikh Maktoum highlighted the new visionary growth path that the emirate has charted, which places high priority on productive partnerships with the global business community and initiatives to enhance its status as global commercial hub.

One of the ‘Big Three’ credit rating agencies, S&P Global provides credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. The company reported global revenues of close to $12 billion for the 12 months ending March 31, 2023, a year-on-year increase of 37.85 per cent.

It opened its first office in the region in the Dubai International Financial Centre in 2008.