Maktoum bin Mohammed meets with Minister of Finance of Luxembourg

ANI May 14, 2025 152 views

Sheikh Maktoum bin Mohammed met Luxembourg’s Finance Minister Gilles Roth to enhance financial and trade cooperation. Both nations aim to boost fintech, digital finance, and sustainable investment ties. The UAE’s advanced financial ecosystem was highlighted as a gateway for Luxembourg firms. High-profile UAE officials attended the meeting to reinforce strategic economic partnerships.

"The UAE’s financial infrastructure makes it an ideal platform for Luxembourg firms seeking global expansion" – UAE Ministry of Finance
Dubai, May 13: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today met with Gilles Roth, Minister of Finance of Luxembourg. The meeting took place at the offices of the Investment Corporation of Dubai (ICD) in One Za'abeel.

Key Points

1

Explored fintech and digital finance collaboration

2

Discussed UAE-Luxembourg investment opportunities

3

Highlighted sustainable finance initiatives

4

Strengthened sovereign wealth fund partnerships

The meeting discussed ways to strengthen cooperation between the UAE and Luxembourg, particularly in the fields of finance, trade, innovation, education and emerging technologies. The two sides noted the strong alignment between both countries' strategic priorities in developing resilient and future-ready economies and financial ecosystems.

Discussions focused on advancing bilateral ties through enhanced cross-border investment, digital finance linkages, and fintech collaboration. The UAE's advanced financial infrastructure, progressive regulatory environment, and world-class business-enabling services were highlighted as key strengths that make it an ideal platform for Luxembourg-based firms seeking regional and global expansion.

The UAE's emergence as a strategic gateway to international markets for international financial institutions was also underscored.

The meeting reviewed existing bilateral frameworks and initiatives aimed at deepening financial sector cooperation. Opportunities for collaboration in sustainable finance and financial innovation were explored, building on the growing momentum of engagement between leading institutions in both countries.

Discussions also covered avenues to strengthen institutional ties between sovereign wealth funds and financial centres in the UAE and Luxembourg.

The meeting was attended by Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group; Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation; Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Mohammed Ibrahim Al Shaibani, Director General of The Dubai Ruler's Court, and Managing Director of the Investment Corporation of Dubai; and Essa Kazim, Governor of the Dubai International Financial Centre (DIFC). (ANI/WAM)

Reader Comments

R
Rahul K.
Interesting to see UAE strengthening ties with European nations. As India's close partner, UAE's growing financial influence could benefit our NRI community and businesses looking for Middle East-Europe trade routes. Hope our finance ministry is watching these developments closely.
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Priya M.
Dubai is becoming a real global financial hub! 🇦🇪 Their focus on fintech and sustainable finance aligns well with India's digital payment revolution. Maybe we should learn from their public-private partnership models. Though I wish Indian cities could develop such world-class infrastructure faster.
A
Arjun S.
While this is impressive, I wonder how much of this benefits Indian workers in UAE. Many of our people contribute to Dubai's growth but face challenges. Hope such high-level meetings also address worker welfare and rights issues.
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Sneha R.
The UAE's financial sector growth is remarkable! As an Indian working in banking, I see huge opportunities for collaboration between Indian fintech startups and UAE's advanced ecosystem. Our UPI system could be a game-changer if properly integrated there.
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Vikram J.
Luxembourg is a small but powerful financial center. Smart move by UAE to build these connections. India should take notes - we need more such strategic partnerships beyond just traditional allies. Our economy would benefit from similar focused engagements.
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Neha T.
All these high-profile meetings are good, but I hope they translate to real benefits for common people. Many Indians in Dubai struggle with high living costs despite the city's glitz. Maybe some financial cooperation could help our diaspora too?

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Tags:
Sheikh Maktoum bin Mohammed Luxembourg Finance Minister UAE-Luxembourg relations Dubai finance Fintech collaboration
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