Thursday, February 28, 2013

Sukuks to make UAE a top-ranked economy

A new initiative to transform Dubai into a global hub for sukuks is aimed at positioning the UAE as a top-ranked economy in the world, His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said on Wednesday.

Speaking to journalists at the launch of a bold initiative ‘Transforming Dubai into a Global Centre for Islamic Bonds’ at the Dubai Financial Market, Shaikh Mohammed said the UAE, under the leadership of the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, “seeks to maintain its position as the overall top-ranked economy through such projects and initiatives”.

Shaikh Mohammed launched the initiative in the presence of Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai.

Read more: http://www.gulfbase.com/news/sukuks-to-make-uae-a-top-ranked-economy/230418

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