Dubai, UAE - 9 May, 2011: HE Saeed Mohamed Al Tayer MD & CEO of Dubai Electricity and Water Authority (DEWA) received at his office Colm Kelleher, Co-President for Institutional Securities at Morgan Stanley accompanied by Sarmad Lone, Managing Director of Morgan Stanley and Habib Achkar, Managing Director and Regional Manager for Middle East & North Africa (MENA). This meeting comes within the framework of strengthening cooperation between DEWA and Morgan Stanley, which offers a comprehensive range of services, including investment banking, securities, investment management and wealth management.

His Excellency stated that the strategic and investment plan of DEWA is a clear indication of the stability and strength of Dubai's financial and economic position.

The delegation briefed HE Saeed Al Tayer on the financial services of Morgan Stanley in the field of notes, investment management, credit services, capital markets, sales and trading, commodities and private wealth management.

Also, the delegation praised the facilities and services provided by DEWA to US financial companies and institutions operating in Dubai, which will enable them to constantly advance in their work.

At the end of the visit, Morgan Stanley's delegation extended their thanks to HS Saeed Mohamed Al Tayer MD & CEO of DEWA for the warm reception and providing a personal briefing on Dubai Electricity and Water Authority and its projects.

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© Press Release 2011