Maktoum bin Mohammed meets with Mastercard CEO to discuss key initiatives

Post by: Layla Badr

Photo: Dubai Government Media Office

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, met today with Michael Miebach, CEO of Mastercard, a top global company in digital payments and financial technology.

UAE’s Vision for a Strong Digital Economy

During the meeting, Sheikh Maktoum spoke about the UAE’s plans to create a modern and advanced financial system that uses new technology to boost economic growth. He said that the UAE wants to work closely with leading companies like Mastercard to speed up digital transformation and encourage new ideas in financial services.

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Dubai: A Global Hub for Finance and Business

His Highness also pointed out that the UAE’s business-friendly environment and strong financial system attract global financial companies. Dubai is becoming a major center for financial innovation and a gateway to emerging markets. Mastercard’s growing presence in the region, with its headquarters in Dubai, is proof of the city’s rising importance in the financial world.

Dubai is working towards the goals of the Dubai Economic Agenda D33, which aims to make the city one of the world’s top four financial hubs. Sheikh Maktoum said Dubai is playing a key role in shaping the future of global finance.

Mastercard’s Role in the Region

Mastercard has had its headquarters for the Eastern Europe, Middle East, and Africa region in Dubai since 2001. In 2024, the company earned $28.2 billion in revenue, 12% more than the previous year. With over 35,000 employees, Mastercard operates in more than 200 countries, providing secure digital payment services to individuals, businesses, and governments.

Leaders Attending the Meeting

Several important officials also attended the meeting, including:

• Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs

• Abdulrahman Saleh Al Saleh, Director General of Dubai Finance

• Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism

• Malek Al Malek, Chairman of TECOM Group

This meeting highlighted Dubai’s commitment to becoming a global leader in financial technology and digital payments.

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