His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, met with Alexander Wynaendts, Chairman of the Supervisory Board of Deutsche Bank AG, at his office in Dubai.
Sheikh Maktoum said the UAE’s banking and financial sector is entering a period of accelerated growth, supported by technological advancement and digital transformation. He noted that this environment offers international banks expanded opportunities, strengthened by the country’s regulatory framework, infrastructure and business-support systems.
Discussions focused on Dubai’s increasing role as a center for global investment and financial services. The meeting also reviewed the emirate’s efforts to support the expansion of international financial institutions through a competitive, long-term business ecosystem. Officials highlighted that deeper partnerships with global institutions align with the Dubai Economic Agenda D33, which seeks to double the emirate’s GDP by 2033 and place Dubai among the world’s top three urban economies and top four financial hubs.
Deutsche Bank, founded in 1870, is a major global financial institution offering corporate banking, investment banking, private banking and asset management services. It operates in 56 countries and employs about 90,000 people. As of the end of the third quarter of 2025, the bank reported €1.054 trillion in assets under management in its Asset Management division and €675 billion in its Private Banking division. Net revenues rose 4 percent in 2024 to €30.1 billion. The bank’s Middle East and Africa hub, located in the Dubai International Financial Centre, provides a full range of investment banking, asset management, private wealth and transaction banking services.
The meeting was attended by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Helal Almarri, Director General of the Dubai Department of Economy and Tourism; Essa Kazim, Governor of DIFC; and Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD.
Photo credits: Government of Dubai Media Office
Oksana Bozhko is a Contributor to Dubai Voice.
Oksana Bozhko
