Mohammad receives banking delegation

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Wednesday received the Emirates Central Bank chairman and board of directors, who exchanged greetings with Shaikh Mohammad on the occasion of Ramadan.

During the meeting, Shaikh Mohammad reviewed an update provided by Khalil Fouladi, chairman of Emirates Central Bank, which outlined the positive performance of the banking sector in the UAE during the first half of 2010.

The performance showed a prosperous future for the UAE market in general, and the financial and banking sector in particular.

Shaikh Mohammad praised the role played by the Central Bank in controlling and following-up on bank activities in order to ensure the safety and protection of this sector, as well as stimulating its role in the country’s development and ensuring that the national economy is based on strong and stable foundations.

Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince, and Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre, Obaid Humaid Al Tayer, Minister of State for Financial Affairs, Sultan Bin Nasser Al Suwaidi, Governor of Emirates Central Bank, Ahmad Humaid Al Tayer, Governor of DIFC, Mohammad Ebrahim Al Sheibani, Director General of the Ruler’s Court of Dubai and Chairman of Dubai Islamic Bank, and other senior officials were also present.